Bitcoin 50K incoming!!

2 Jul

I’m initiating a short position on BTC/USD after observing multiple indicators suggesting an overbought condition. The RSI has been consistently above 70, indicating potential reversal or pullback. Additionally, recent price action has formed a bearish divergence with the MACD, reinforcing my short thesis. I’m setting my stop loss just above the recent highs to manage risk and targeting a retracement to 50k Let’s see how this trade plays out! Following the trend and from historical data before the big move the retail has to be taken out overall trend is bullish but it’s possible to see more incoming se