I have been warning you for the last 45 days that a big dump was coming and now it’s playing out exactly. Bitcoin has already dumped around $20K and is now trading near 112K, right at the major resistance zone that has triggered every big correction since 2018.
A small bounce to 115K–116K is possible, but after that I expect another leg down toward 100K, and potentially lower to 90K. I’m still holding my 50% short position. If anything changes or I close my position, I’ll update you. Remember I mentioned earlier that if BTC went back to 125K–128K, I would add more shorts and that plan hasn’t changed.
Till Monday, I expect some volatility, but Monday’s price action will give a clearer direction.
🔸 Weekly: BTC touched the long-term trendline again → clear rejection happened. 👉 Until we get a weekly close above 125K, the risk of a major pullback stays high.
🔸 Daily: Price is inside the 110K–125K supply zone. Structure is weak. If price breaks and resists below 110K, then 100K is the next target.
📊 My Trade:
✅ First target 105K hit Holding 50% shorts, expecting a bounce to 115K, then lower.
For the last 40 days I’ve been telling you guys I’m bearish on $BTC. We already dropped almost 8K twice, but every time Bitcoin reclaimed the levels again. Right now it’s trading around 18K to 119k but nothing has changed for me. I’m still bearish.
I’ve said many times that the 115K to 124K region is a short zone, not a long zone. If you’re still holding longs, I’d strongly suggest you flip to shorts because the chart is flashing multiple top signals.
Don’t get trapped by hype like “Bitcoin to 1 million by the end of this year.” That’s just noise. The structure is weak, liquidity is being engineered, and the bigger downside move is still ahead.
$BTC is breaking below $80K now, just as I was expecting. I’ve been saying that if we get a weekly close below $80K to $79K, we could easily see $75K to $72K next.
But I’m not ruling out a pump first. I still think a move back toward $84K to $87K, and possibly $90K, has a good chance of happening.
I’m still holding my long in the premium group because this dump could turn out to be a fake breakdown. Let’s see how BTC closes today. If buyers step in, we could get that bounce sooner than people expect.
For now, I’m watching the daily close closely. Let’s see what happens next. 👀
🚨 🇬🇧 UK EMERGENCY WARNING: 3 DAYS OF FOOD AND WATER?
A headline like this gets attention fast. 👀
The message is that people should be prepared to manage for at least three days if essential services are disrupted, including by cyberattacks.
⚠️ Why it matters: • Cyberattacks can disrupt critical services. • Water, food, power, and communications may not always be available during an emergency. • Basic supplies can help households cope with temporary disruption.