$BTC is currently looking weak after a hard drop to the $59,800 area, so instead of selling at the very bottom, the plan is to take 70% profit from last night's $64,000 short trade while waiting for a small relief bounce toward $61,500–$62,000 to safely add more short positions with a strict stop-loss above $63,000. If the price gets rejected from that bounce area, short-term targets sit at $60,300, $59,800, and potentially as low as $57,500, especially since BTC is trading below major moving averages and must reclaim $64,000 to stop the midterm bearish pressure. For long-term spot investors, Bitcoin remains the strongest crypto asset, but it is smartest to save cash and buy slowly in small parts rather than using full funds now, as continued market panic could open up an even better accumulation zone around $50,000—which is also the target discount zone to heavily buy the dip on
$SOL if it continues its drop.
#SQL #BTC $BTC