Short Bitcoin at 87,810, with a 2% stop-loss
Target 1: The 80,000 round-number level
Target 2: The 70,000 round-number level
Strategy: If the 80,000 level holds as support, take all profits. After a pullback, use 30% of the profits to short on a rebound. If support at 80,000 breaks, the price is likely to fall below the 70,000 level.
Overall outlook:
A healthy correction in a bull market
Target 1: The 80,000 round-number level
Target 2: The 70,000 round-number level
Strategy: If the 80,000 level holds as support, take all profits. After a pullback, use 30% of the profits to short on a rebound. If support at 80,000 breaks, the price is likely to fall below the 70,000 level.
Overall outlook:
A healthy correction in a bull market