Bitcoin on the daily timeframe.

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1. After the previous sell-off and that massive bearish candle, Bitcoin created a significant supply zone around $80,000. It’s also a major psychological level that naturally attracts price.

2. By combining Fibonacci retracement with supply and demand, we could identify a premium zone where a retest was highly probable. Nothing is guaranteed in this game. We only play probabilities.

3. Once price retested the zone, we got three consecutive rejections. That was enough confirmation for me to start building a short position.

Simple.

The funny part is that I’m naturally bullish on crypto, but the data doesn’t care about opinions.

The plan remains the same.

Bitcoin is still printing a bearish market structure and remains in a clear downtrend until proven otherwise.

For those who have been following my YouTube breakdowns, my original Bitcoin plan hasn’t changed. I’m still watching the 200 SMMA as a potential area where Bitcoin could finally find its bottom.

Take a look at the charts yourself and see where that puts the price.

No predictions. No emotions. Just probabilities.

#bitcoin #crypto #trading
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