📉 BITCOIN IN CORRECTION - Dominant bearish momentum today. BTC is hovering around $61,500-$62,000 after breaking key support levels.
Technical analysis: price below moving averages (MA50/200), RSI in oversold territory but with bearish divergences, and strong selling volume. Short-term trend: bearish, possible test at $58K-$60K if it doesn't recover $63K quickly.
I'm in a SHORT position on BTC/USDT and my PNL shows profits from this drop.
The king is correcting after the previous pump; institutions are exiting, and macro risk-off weighs heavily.
Want to profit from volatility? SHORT with a tight stop loss and target downside.
Favorable risk/reward for bears.
Many traders lose by ignoring the real trend.
Click on my link and trade the same pair with me on Binance. Don't fight the market! Act now before the next leg down. 💰 #BTC #bitcoin #cryptotrading $ETH
Technical analysis: price below moving averages (MA50/200), RSI in oversold territory but with bearish divergences, and strong selling volume. Short-term trend: bearish, possible test at $58K-$60K if it doesn't recover $63K quickly.
I'm in a SHORT position on BTC/USDT and my PNL shows profits from this drop.
The king is correcting after the previous pump; institutions are exiting, and macro risk-off weighs heavily.
Want to profit from volatility? SHORT with a tight stop loss and target downside.
Favorable risk/reward for bears.
Many traders lose by ignoring the real trend.
Click on my link and trade the same pair with me on Binance. Don't fight the market! Act now before the next leg down. 💰 #BTC #bitcoin #cryptotrading $ETH