BTC SHORT TP:79,700 02-03-2025Bitcoin is currently displaying a bearish pattern on the 1-hour timeframe, suggesting a continuation of the downward momentum. The projected take profit (TP) for this setup is targeting the 79,500 - 80,000 price zone.
The analysis is based on the lower 1-hour timeframe, which means that if the expected move does not materialize within the next 13 to 19 hours, the trade setup will be considered invalid.
In this case, you could consider opening a short position now and potentially averaging down your entry as the trade progresses. This is a strategy I often employ to maximize profits.
Make sure to follow me closely, as I will keep you updated on the developments and help you generate substantial green profits together.