The article discusses the recent stability in Bitcoin’s price, with a decline of 1.1%. The author notes a bearish trend indicated by a significant head and shoulders pattern in the Bitcoin chart. Traders are advised to short Bitcoin at key price levels, as the market does not seem ready for a bull run. The article also mentions indicators such as Bitcoin trading below its 200-week moving average and an impulse wave after a market crash, which could lead to possible further downturns. Additionally, the article mentions the delay of the SEC’s spot Bitcoin ETF.
AI Sentiment: Neutral