Crypto Analyst Points Out his Long and Short BTC Positions
A crypto analyst, Lennaert Snyder, has outlined his trading strategy for Bitcoin, indicating both long and short positions. He plans to short BTC if it sweeps the $72,721 level with bearish momentum, targeting the $65,322 liquidity zone. For long positions, he would test the $65,322 support area, with a final long scenario above $76,971. This analysis comes as BTC's price retraces to $69,072.34, down 2.52% in 24 hours and 45.62% below its all-time high. Kalshi Traders forecast a 90% chance of BTC dropping below $60,000. Despite the bearish signals, Snyder projects BTC could reach around $88,827 in three months, a 29.15% surge.
TheNewsCrypto02/09 13:22