SHORT - BITCOIN - MARKET IS SMILING AT YOU

Entry: Above 7442
Target: 5434
Stop: 7851
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Technical Analysis:

• Down trend seems to be on unless price break above $7800 area.
  
• Megalodon Institutional Investor at 98.79% level with RED sell signal.
  
• Fibonacci Calculator is at 79.93% level with RED sell signal.
  

Fundamental On Chain Analysis:

• MVRV 200 day moving average sloping down, signalling bearish market state.
  
• Network unique wallet addresses are sloping down.
  

~Bo
Founder of Megalodon Trading

Trade closed manually:

Closed shorter term shorts here.