January 23, 2026

Bitcoin Short to 30k

Bitcoin Short to 30k

Bitcoin Short to 30k

Bitcoin Short to 30k

BTC/USD COINBASE:BTCUSD
Sphinx_Fx


Bitcoin Short to 30k

– Price retested 2 times at 45k, after that price dropped to 34k with a big bearish movement.
– On 24 FEB daily candle closed with huge wick and this was a sign for a big bullish movement and also a higher high.
– As we see in the charts price failed to make a HH and drooped again with another impulse bearish movement from the same supply area at 45k.
– Now we can see the last bullish movement is actually not impulse but a correction move!
– If price broke 38k we may think of shorting it to 30k.

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