Trader Doctor Profit has initiated a short position on Bitcoin at $86,200 and plans to add to the trade in the $86,500–$89,500 range as part of a swing strategy. The primary target is set at $79,000, where he will evaluate price action to determine whether to take profits or maintain the position based on market reaction.
He projects the maximum pullback will reach between $69,000 and $71,000, stating that Bitcoin will not break below this range. Future decisions will depend on how price behaves at the $79,000 level, which will signal either a continuation of the downtrend or a reversal toward new highs in an extended bull market.
Trader Doctor Profit Shorts Bitcoin at $86,200, Targets $79,000 Support Level
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