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Even the good news with the current ceasefire will not stop Bitcoin in reaching new lows. In a bear market good news are always BAD NEWS! The bottom will happen in September-October, so what do you guess will happen within the next 5-6 months ? Do you think BTC will stay at 68k and do nothing? This is why the understanding of the box is important, we will move in this box for the coming months, exactly as predicted in January and nothing changed since then. In case we reach the top of the box, I will add more shorts. Of course some low IQs will argue that it would be more clever to buy BTC now and sell it higher again. I need to disagree, in my positioning I see the trade PERFECT! The short from 115-125k is perfectly running, I dont consider entering a risk that is not worth it, just will add more shorts once reaching the top of the box if market allows to visit.
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