A trader posting on X said he re-entered a Bitcoin short around 76,000 after closing a previous short, but later reduced most of the position as price quickly rose to 79,500. According to Odaily, he said he will close the remaining position if Bitcoin ends the day above 80,500 and would consider adding back the short if the market weakens again.

He said his broader view on Bitcoin has not changed, adding that he still sees the 63,000 area as a local bottom and remains bullish on BTC over the medium to long term. He also said he expects Bitcoin to reach 100,000 by March next year.