MrClock – Crypto Trader

We are facing a short opportunity with a very favorable risk-to-reward ratio (7.79).

https://www.tradingview.com/x/aN2h8DR1/

Bart pattern: this is the most likely move for Bitcoin in the coming hours, which could generate enough momentum to drop below 60k.

At the moment, I’m 100% short, with only a small exposure to gold.
In the short term, I have a small short position in Bitcoin.

https://www.tradingview.com/x/SyEair4j/

🚨 Strong drop in Bitcoin.

According to the "G" movement, the analysis of the latest Bitcoin drop previously shared here indicates that over the next 4 to 7 days, we are likely to see a continued strong decline, potentially reaching as low as $47,000, which would be the best buying zone to take advantage of a pullback to 58K. After that, it is expected to continue the downtrend.

https://www.tradingview.com/x/G0ASMRD0/

How much longer will BTC keep falling?

The current weekly structure closely resembles the 2021 to 2022 cycle. Top at A, failure at C, a descending sequence into F, and a potential final move toward G.

If the pattern continues to repeat, we could see a break below the current low, followed by a technical pullback before a stronger base is formed.

The most probable window for this correction to end may lie between August and November, a region that could offer the best asymmetry of the cycle.

Full analysis in the link below:
https://www.tradingview.com/chart/BTCUSD/hnMHdUC9-Where-is-Bitcoin-BTC-real-bottom/

Long position closed at breakeven yesterday at 10 PM, price 70454, I forgot to post it here.
In the medium term, I still believe we'll have a stronger pullback to 75k~80k before trying to break through 60k more forcefully.

🟢 Starting to build a long position, initial entry price at 70,341.9