Bitcoin - 25% CRASH from this level! Be prepared.

29 ene 2023

• The bulls are incredibly strong! This may be the best January in Bitcoin's history. But the bears are waiting patiently to short bitcoin at the key level!
  
• The Resistance 1 level is strong because there is a POC of the previous structure, the start of the massive previous GAP, and a horizontal level from 2021.
  
• With this strong confluence, we can short bitcoin on the futures market for a potential 20%–25% profit. Like I have said many times, I am here for the bulls and bears. So this is clearly an analysis for the bears.
  
• This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
  
• I am a professional trader with almost 6 years of experience in the crypto market. I can tell you that with this major resistance, we will see a pretty strong rejection!
  
• What I recommend you to do is to short Bitcoin between 28,750 - 30,100 . I will specify this level more precisely in one of my next analyses on lower time frames or privately!
  
• If we take a look at the volume profile, we can see there is no volume area. These areas tend to be filled, and at the end of the area, we should see a big rejection.
  
• We have only 4 strong resistance levels on the way up to the new all-time high. However, it may take some time to break it all down.
  
• Bitcoin started its new bullish cycle in November 2022. I expect another bearish cycle to start sometime in September 2025. I have predictions for years or even decades in advance!
  
• Thank you, and for more ideas, hit "Like" and "Follow"!