Short 💥 Bulls Will Lose Their Houses

Short 💥 Bulls will lose their houses

This idea is intentionally similar to our Ethereum idea ("Short 💥 End of Bullrun - Bulls Lose Their Life Savings").
We think that BTC will crash and drag down Ethereum, too, in the same setup.

🔴 KEY POINTS:
- Momentum pushed Price Action to Resistance Line (red line on the chart)
- Double Resistance: Here, the Resistance Line coincides with a Historic Resistance Area from historic tops (red area/zone on the chart)
- Next Support Zone (green area/zone on the chart) is 10k below the actual price

So, our AI thinks that BTC will crash to $31700.

Comment:

The idea's still valid.
The Price respects our resistances.
See our newest RELATED IDEA: "Short 🩸 Blood Bat Drinks Bull Blood"

Trade active:

Bitcoin Price Action hit resistance with volume and activated our trade:
Side: Short
Pair: BTC/USDT
Target Price: $31 700
Stop Loss: $50 000
Entry Price: $40 000 - $45 000
Leverage: x10