Markets· ★★· bearish·

Trader Doctor Profit shorts BTC at $86,200, targets $79,000

  • —Short opened at $86,200, adds planned in the $86,500–89,500 range
  • —First profit target is $79,000, where he will reassess the position
  • —Maximum expected drawdown is $69,000–71,000, which he does not expect to break
Why it matters: Public shorts by well-known traders reinforce bearish sentiment near $87,000, a level BTC has failed to break twice.
Source: PANews