BTC short-term is going to drop from $42700 to $40k.

BITMEX:XBT   Bitcoin
We are in a bull market and through Dec 2023 clear a, b, c correction is being made.

Wave a and b are clearly done.

Wave c looks like a textbook ending diagonal pattern with waves 1, 2, 3, 4 already done and now we are in the middle of wave 5.

The drop won't stop until price reaches $40k level.

It's a good trade with a very high likelihood of success and amazing risk to reward.

$42700 is a good place to short with a stoploss at $43900 (above wave 4) and take profit $40k.

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