source avatarMr. Wall Street

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#Bitcoin: I am raising the take profit orders on my shorts to the 54-60k region, as I no longer expect Bitcoin to trade below the 52-54k level ever again. There is a huge amount of limit buy orders sitting between 54k and 60k, and they keep increasing day by day. At the same time, big players are accumulating at current prices. This makes me believe the bottom is extremely near. I have been short since November 2025. I shorted the 100-126k region after the top was made, and most recently I shorted the 77-83k region. With no further big downside potential left for Bitcoin, I no longer see a reason to continue holding those shorts. I am slowly but surely becoming bullish. We are in the last phase of the bear market regardless of what anyone tells you. You can see it by the amount of capitulation happening around us, with exchanges filing for bankruptcy and retail selling with heavy losses. Its time to exit shorts and enter longs.

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