My current stance on trading BTC

This continued move down today was pretty predictable. There was no support when it stalled yesterday, it just finished liquidating over leveraged positions.

I've been shorting since the test of the 100 day moving average and my target was the 50 day moving average.

This is a potential buy area. Support below that is the 100 week moving average around $87.2k.

I'm not very bullish, but will see how the market reacts and trade accordingly. I wouldn't be surprised if it has a big crash down to the 200 week moving average at $57.8k, it crashed below that after the 2021 peak