Besides being bearish on bitcoin for this year, shorts keep increasing at a exponentional rate, and we are heading to the big big even at 6k.
Big players on this market will be looking for this level, to add to their positions, and we still have a big potentional for a short squeeze.
Trade setup:
Entry scaling between: 6k / 5.8k
Stop Loss: 5,3k
First profit...
Lets not forget the fact that we are still on a bearish market, and with bounces like this, I am not mising this oppurtunity to short the market.
Short entry price: 9k
Stop loss: 9.8k
Target price: 5.8k
Just trust the process, bitcoin aint rally yet.
