August 15th is Saturday—Bitcoin market situation.
Bitcoin has been ranging for two months already.
Right now it’s still ranging between 62,000 and 66,000.
As long as it doesn’t fall below 62,000, you can’t fully be bearish or be certain of a drop.
Once it breaks below 62,000, there’s no support underneath.
If it doesn’t break 62,000, then it can still rebound to range around 65,000.
Endless consolidation— the real crash market is in September and October.
So those who trade short in the Bitcoin range market…
Going long must include a stop loss at 62,000; stop loss, stop loss.
Going short also must include a stop loss at 64,500; stop loss, stop loss.
Not much of a point—the real big opportunity for BTC is in September.
But Nasdaq QQQ can be shorted pretty soon.
The Nasdaq QQQ is now roughly at Bitcoin’s 120,000 position. Nasdaq is going crazy hyping a bubble—doesn’t that just mean Bitcoin’s 250,000 death charge in 2025, at the 100,000–120,000 range? So, short the Nasdaq at the end of August.
Only in September can you short BTC.
It’s important to figure out the order.
