Have you noticed that Bitcoin couldn't rise despite various positive news before, but a single negative news caused it to crash? This is the effort without results; the previous positive news couldn't drive the price up, which is a sign of decline. The drop is far from over. I've said before that the crypto market will see a bottom in July or August after a correction, so clear everything out.
For the long term, first, look at the CME gap at 92,000. In the short term, Bitcoin's sharp drop and rebound might reach around 105,500 (already close), or if there's a bit of positive news, it might go to 107,400. I lean towards positioning for another short after the rebound.
Actually, Bitcoin's candlestick chart is doing relatively well. Look at small coins like Pepe, they are facing a significant drop. Luckily, we have repeatedly talked about clearing positions and shorting, and I hope everyone has taken it to heart. Moreover, in the past two weeks, our shorts on ZK and Trump have given us even greater surprises; shorting feels great!
In fact, we already previewed the trend yesterday. Bitcoin corrected from 110,000 to around 106,600, then rebounded to over 108,000 and continued to drop to 104,000. Today, looking at it, that's exactly what happened! This is not magic; it's candlestick analysis and referencing the orders and positions of major players. Just follow my lead and execute!
