Analyst Predicts the Best Bitcoin Short Setup in a Year
BeInCrypto
Bitcoin faces potential downward pressure as technical indicators suggest a major rejection zone, though institutional buying provides market support.Summary
Bitcoin is currently testing a significant resistance level near $78,000, coinciding with a channel top that has triggered price rejections over the past eight months. Technical analysts, including ColdBloodedShiller, point to bearish divergences on the 4-hour chart and daily RSI patterns as evidence that this may be the best short-selling opportunity in a year. While technical indicators suggest a potential pullback, strong institutional demand—highlighted by recent significant purchases by MicroStrategy—could challenge this bearish outlook and force a market breakout.
(Source：BeInCrypto)