BTC - SHORT - Tempting but dangerous trade
2025-01-06
Category: None

BTC is facing a major resistance at 100k. I expect a drop at least in 4 hours timeframe. This is a very risky trade because shorting BTC and in a bull market is not at all advisable. Personally I think it will most likely go close to the POC (97500~) and then go up. Likewise, if the 91k is broken strongly, we will go to very low areas and it is very tempting to let it go. The weekly is still a latent possibility to go to low levels. But nothing is certain and we can easily go in any direction. I would not short BTC for a long time or with a high margin. So this trade must be constantly protected. Be careful. 

TP 1: 96500 ~ 97500 (protect trade - POC)
TP 2: 93100 (support)
TP 3: 91600 (daily support)