Bitcoin / TetherUS
Short
Updated

BITCOIN Short Position Update – June 11, 2025

104
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Bitcoin downside perspective shared.
Currently, Bitcoin appears to have entered an overheated zone based on both Elliott Wave Theory and harmonic pattern analysis.

While it has been continuously setting new highs alongside Ethereum, the technical structure suggests the possibility of a short-term pause.
Accordingly, a bearish idea is shared.

The first target is set at 108,600.

More detailed ratio analysis and additional reasoning will be shared through an idea update once the first target is reached.

Flexible response according to market conditions is necessary.
Note
snapshot
all tp hit!!
Trade active
snapshot
Amid Bitcoin's significant downward movement, we were able to generate substantial profit through this trade.
This idea was based on the TP (Target Price) presented in the larger time-frame chart from the 10th,
which allowed us to extend the take-profit range more effectively.

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