We have been waiting for a good setup to be short on the market. The price of Bitcoin declined aggressively to $9k but it was not a good point to enter a short. Now is a very good time to be looking for short entries if the price fails to garner bullish momentum to rise further. It appears all set to decline lower at this point. The near-term target would be $8.6k but it is possible for Bitcoin to decline lower without having to find support there.
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