BTC Short: Targeting Drop to 40K Zone

30 Jan

Anticipating a downturn for Bitcoin, I'm eyeing a short position with a target around the 40K zone. The rationale for this strategy is the lack of significant trade volume above the zone I've identified during the recent price rise. To play it safe, I plan to utilize options for this trade. This approach allows for the flexibility to accommodate a potential brief upward move to collect more liquidity before the expected decline. It's a cautious yet strategic move to capitalize on the anticipated market shift.