is starting to follow the path I anticipated: a quick spike above \$120K followed by a drop toward \$110K to clear out overleveraged long positions.

Trump just made a statement, threatening Putin with 100% tariffs if the war continues. Since Russia is unlikely to yield, this could escalate geopolitical tensions and further weigh on the market.

Price action is drifting downward for now, but I’m expecting a sharp move once liquidation pressure builds.

I’m still riding my short position