THIS WAS VERY BAD FOR BITCOIN......

Bitcoin Price Analysis

Bitcoin has been going down 3.6% since the previous video, confirming the bearish diamond top pattern.

• Target of the diamond pattern: $90,000
• Alternative target: $119 (if it breaks up)
• Current key lines to watch:
  • Blue line (around $102K): previous resistance turned into support
  • Green line: previous resistance turned into support
• If the blue line is broken, the next big support will be the green line
• If the green line is lost, Bitcoin could go back down towards $90,000

Trading Strategy

• Consider a short position if the blue line is broken
• Alternatively, close current positions and wait for a new entry at the green line
• Exchanges recommended for trading: ByBit, Coinflare, and Weeks

Personal Trading Plan

• Closed most of old coins positions and Ethereum position
• Decreased Bitcoin position and took $500,000 in realized profits
• Will close the remaining position if the price breaks lower and wait for a new entry at the green line