Why I shorted BTC?

In last weekend’s crypto analyses, I mentioned that many altcoins were in a support zone, with a strong chance of a reversal from that level.

Shortly after I published my analyses, the announcement regarding the federal crypto reserve was released, triggering a massive pump.

However, this surge was short-lived, and prices quickly retraced back to their initial levels. For me, this is not a good sign—when major positive news fails to sustain gains, it often signals weakness in the market.

Now, regarding Bitcoin: although its price remains above the announcement level, it has struggled to hold gains above the 91K support level and continues to break below it.

I don’t believe prices are dropping just to set up a massive bull run for everyone to buy in—this looks like a bearish signal to me.

As a result, I have shorted BTC and expect a decline to 75K. That said, with my stop-loss placed above the initial pump’s high, I’m currently running a 1:3 risk-reward ratio, which—regardless of the outcome—is ideal in my book.