Bitcoin is currently trading around $67K, after touching $70K earlier this morning. If you believe the market is about to bounce from this zone into a strong bullish trend, you may be mistaken.
At this point, this move presents an opportunity for traders who are longing for BTC, ETH, SOL or other tokens to recover losses, rather than holding long positions again without confirmation. For now, short-term trades remain the safer option. There is no guarantee that prices will reverse from this level.
I’m speaking from experience: the market is simply consolidating. If a strong sell-off occurs from this zone, downward pressure will intensify, and we could see Bitcoin revisit the $40,000 region or even lower. This pattern may continue until price settles at its true value, where a real bullish breakout can begin.
That’s the nature of crypto, price rises and falls, and that movement is what keeps the market alive. At the end of the day, this is business.
If you currently hold a short position on BTC, drop a comment and share how confident you feel.
Let’s hear from the real investors.
#togodcrypt