2026-01-07 19:28:57

Bitcoin Technical Outlook - Short Position Update

Just closed out our short position with solid profits following today's rally. However, the bigger picture remains bearish—price is still holding below the key range low. If we see a strong rejection at these resistance levels, we're eyeing another shorting opportunity. The setup looks compelling for traders watching the downside scenario. Will be monitoring the price action closely to see if buyers can sustain this pump or if sellers step back in near-term.

BTC0,14%

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MerkleMaid

· 01-09 21:15

Hey, this rebound feels a bit weak; it seems like it still needs to drop further.

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APY_Chaser

· 01-09 19:36

Hey hey, it's that kind of rebound again, making me want to short... I think quite a few people are trapped, right?

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MEVictim

· 01-07 20:27

Once again, it ran away at the top, this time with pretty good reflexes.

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NftRegretMachine

· 01-07 19:58

Still bearish... why haven't I been proven wrong yet?

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UnluckyLemur

· 01-07 19:58

Haha, closed a position with a nice profit. Now let's see if I can short again.

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TokenTaxonomist

· 01-07 19:54

ngl, "key range low" is taxonomically incorrect here—let me pull up my spreadsheet real quick. statistically speaking, your resistance classification doesn't align with the actual phylogenetic structure of this bounce. data suggests otherwise on the sustainability claim tbh

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TestnetScholar

· 01-07 19:54

Once again, a rebound. Let's see how long your bullish team can hold up, haha.

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DegenWhisperer

· 01-07 19:41

The rebound is here again, the bears aren't ready to give up yet. Let's see who blinks first.

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SolidityNewbie