We are currently standing at a crucial area on $BTC.
We’re within two overlapping bearish trend reversal zones, which is putting selling pressure on price.
To hedge against my open long positions, I’ve opened a short position here — in case we see another drop to the liquidity below.
However, price could explode at any moment if a single bullish news comes in.
If the ceasefire between Israel and Iran is confirmed today (June 24, 2025), I expect us at ath prices.
That’s why I’ve already moved my short trade to break-even, and I’ll start taking profits once it reaches 3 R/R
We’re within two overlapping bearish trend reversal zones, which is putting selling pressure on price.
To hedge against my open long positions, I’ve opened a short position here — in case we see another drop to the liquidity below.
However, price could explode at any moment if a single bullish news comes in.
If the ceasefire between Israel and Iran is confirmed today (June 24, 2025), I expect us at ath prices.
That’s why I’ve already moved my short trade to break-even, and I’ll start taking profits once it reaches 3 R/R
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.