Market Analysis: Potential Opportunity to Short Bitcoin Amid Key Event Dynamics
Bitcoin appears to be consolidating within a range, with recent price movements suggesting a possible “fake-out” above the 108,000 level, mirroring last week’s “fake breakdown” below 90,000. Given the significance of today’s major event, the market could be following a classic “buy the rumor, sell the news” pattern. This scenario presents an opportune moment to consider shorting, as the current conditions may align with a potential reversal.$BTC
