Trader Doctor Profit: Short Bitcoin target remains $79,000, maximum correction expected between $69,000 and $71,000
Odaily reports: Trader Doctor Profit posted that he has shorted Bitcoin at $86,200 and is placing additional short orders in the $86,500 to $89,500 range to build a swing short position. The current target remains $79,000. Upon reaching that level, he will decide whether to take profit and close, or continue holding the short based on Bitcoin's price reaction.
He stated that the deepest correction range he is considering is $69,000 to $71,000, and he does not expect the price to drop to lower levels. Although the short entered at $86,200 has already worked, he will evaluate the market level by level rather than directly betting on a deep correction.
His next step will be to first observe the support performance near $79,000, and based on that, determine whether the decline continues or reverses to extend the bull market and set a new local high.
