Technical analysis by EthioFX about Symbol BTC: Sell recommendation (1/25/2024)

Hello guys, It's been a long time since I posted here in Trading View. Today I bring you an idea of shorting bitcoin Since bitcoin touched the $49,000 price level, it started falling due to the fact that Grayscale is selling its bitcoin, which dumps bitcoin a lot. Now, Bitcoin is around 40k, which is a decent zone to short. I expect the price to reach $45k unless there is good news for crypto. If we see other sellers like Grayscale sell other bitcoins, we may see a further drop. share your IDEA in the comment .