#Bitcoin Sunday Update
$BTC is currently trading around 89k. It has been nearly five months since I flipped bearish, and my view remains unchanged. I am continuing to hold my short positions.
Why?
Geopolitical Tensions: I expect global instability to rise again, which will likely cause the stock market to drop while Gold and Silver continue their pump.
FOMC Meeting: All eyes are on the Federal Reserve this week. We’re seeing "insiders" selling non-stop at these levels. 😂
Right now, BTC is holding the 1W99EMA (around 86,400) quite strongly. However, once we get a candle close below that level, my next target is the 72k region. I have already added to my shorts at 97k and will look to add more if the market provides higher entries as you can see in the chart.
BTCUSDT
Perp
78,894.5
+1.46%