Doctor Profit shorts Bitcoin at $86,200, adds orders up to $89,500

  • Doctor Profit initiated a Bitcoin short at $86,200 and plans additional orders.
  • $79,000 is the primary level for evaluating profits or maintaining the position.
  • Doctor Profit projects a maximum pullback of $69,000 to $71,000.

Trader Doctor Profit has initiated a Bitcoin short position at $86,200 and plans to add to it between $86,500 and $89,500 as part of a swing strategy. His primary target is $79,000, where he will assess Bitcoin’s price action and decide whether to take profits or maintain the position. He projects a maximum pullback of $69,000 to $71,000 and says Bitcoin will not break below that range. Price behavior at $79,000 will determine whether he views the move as a continuation of the downtrend or a reversal toward new highs in an extended bull market.

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