Why Now Is The Perfect Opportunity To Short Bitcoin Down To $40,000
A recent post by crypto analyst Stockmoney Lizards on X suggests that the current Bitcoin structure is giving bears “the perfect opportunity” to short the market down to $40,000. His message was paired with a chart showing Bitcoin falling below an important resistance ever since it broke below $100,000, creating what appears to be a clean continuation setup for traders expecting deeper losses. However, although the chart highlights a similar bearish structure in 2022, the analysis behind his post points to a more layered interpretation of what may come next for Bitcoin. The Setup Bears....
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Quick Facts: ➡️ Ethereum lost 13% in recent weeks, falling as low as $3,055, creating the perfect conditions for a projected $7B short squeeze. ➡️ Ethereum’s short squeeze could drive major price recovery, boosting overall market sentiment and drive $ETH’s price even higher. ➡️ PEPENODE introduces a gamified, virtual mining system, allowing users to mine […]
A long tradition of financial discretion makes Switzerland the perfect place to store one’s private keys in a way that will be fully protected.
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Litecoin price after surging higher found sellers. The $3.50-55 levels acted as a perfect resistance to ignite a short-term correction. Now, can it recover? Intraday Support Level (Bitfinex) can be seen at $3.16. Litecoin price started to correct lower as forecasted in yesterday’s post, as sellers defended the $3.50 level successfully. There is an important trend line and support area formed on the hourly chart (data feed via Bitfinex), which may act as a catalyst for the price moving ahead. Looking at the 2-hours chart (data feed from HitBTC), there was a bearish trend line that prevented....