Bitcoin Forum

I think bitcoin will drop to another Support in the next 24 hours, The volume is lower than the last weeks.

what do you think guys ?

Shorting from 60k mightve been better :).

I do think we have seen a triple bottom in the 44-46k area so we could go down, but we're also trading on weekend volume for the next 20 hours so something different could easily happen.

We do not know what will happen in the future, but now it seems like the decline continues and the market cap has now fallen from less than 1 trillion.
But I still have hope this is only a temporary correction so that we will continue the adventure again with higher prices.
But I don't need to worry because it won't be so bad as before it will be a bear market maybe because the FUD or the bullrun effect took too long and maybe there are other things that turn the market red.

$45k, we're still at best. I don't need to worry about that but honestly, I was hoping to drop more and give me a chance to accumulate more Bitcoin.
It sounds ridiculous hoping for a dump instead of a pump, maybe you are right but we know it only has a little chance as these huge market players keep buying.

Maybe, I just have to close my eyes this time and never have to check the price. Because it maybe might give us a surprise that we get back to $50k by tomorrow, who knows?

For now it is good to short bitcoin, in 1D chart is says we're still having a dump the selling pressure is strong people cannot expect pumping in this week maybe based on my own TA but I'm not expert okay, it could not go lower to $33,172 but there will be some time for people to accumulate more bitcoins in this range and we can expect in this March before it will end bitcoin will pump again, April will be a bull run again for bitcoin and alts so do some short for now.

The current market is decline so we never predict how much it will pump or dump in further days. The panic sell is continuously increasing so peoples are hard to sell or move on other altcoins is gradual result of Bitcoin.
I think this is the perfect time for buying BTC for long term investment and once continuously big whales are enter in the market automatically it will going to moon.

I have been shorting all the way from around $50K but in short time frames because I wasn't sure at what point the mark would rebound. The next few hours will vital for us to know whether it will be another week of reds or a bounce back.

I don't think trading volume has a direct impact on the trend. Both highly bullish and bearish trends involve high trading volume while low volume signifies a less volatile or sideways market.

I don't like to speculate things based on Bitcoin's previous week's performance as it doesn't have any fundamentals that we can rely on.

Checking the indicators per week where BTC was seen as overbought or oversold is more of a better basis compare to checking the last week's volume.

But it's up to you at the end as our observation and analysis vary to each other.

That is fine. Just think of it as another buying time and opportunity. How much you've bought bitcoin? did you buy at the peak or no? if you've bought at the peak, you're mostly worried because your money on bitcoin is becoming less in value.
We can say that bitcoin topped at $58000 and that's really the peak this time. But it doesn't mean that it can't go back there or if it's getting another support at $40000 then that's it, that's still a 5 digit for bitcoin.

Shorting bitcoin right now is playing with fire, you will get burned. Big money is investing into bitcoin now, corporations with billions of dollars in usd. It just takes Apple or Amazon to jump in and the price is over 70k and shorts get absolutely destroyed.

It's been almost a week already that bitcoin has been struggling, so yeah, that is a good idea, shorting bitcoin based on the price trend now is nice decision. You know it pumped big time so correction does really happen, and just like when we follow the uptrend, this is the down trend that we should follow as well.

You can still do shorting. Just make sure you have set stop loss. Check also the trading volume as where are also majority of traders are going right now. Sometimes, its just a bait so traders think it that way to do some short entries and will liquidated at the end. But, it is still up to you. If your TA certainly telling you that you go for shorting, then go for it.

You can do whatever you want, and you really have to know what you are doing. Shorting is too risky on a down market because its hard to know if the market will still go up, or it will continue to go down. We’re still on a good price level, staying above $40k, but I’m sure if we hit $30k level again, people will start to panic big time.

That's correct but the hype is over, price will not just pump and go in one direction, it pumped even reach almost $60k and now that correction has started, I think we can see the opposite of bull run and I believe we will see a lower price than the current price.

It looks like this is just a correction to the 60k and it will probably be a correction to the lowest point at $40k, and it will continue the highest price,
maybe in 3 weeks bitcoin could be side away between $40 to $49, then it will rise slowly to $50k before flying to $60k. But this is just my assumption,
any possibility could have happened.

The price will not pump and rally to new valuation in a continuous motion but the market was going in one direction for a long time and it is time we see some correction but i doubt we will see a big correction in March, the market will pump for a few more months but i wont be surprised if we have a range based market situation for a while and then rallying again and trying to break the all time high valuation before we see the major correction.

Maybe i was wrong and you are right because after the monthly Candel closed, it seems that the price will go higher. i don't know 😅 i am just confused

According to my review and analysis on the graph of bitcoin in the chart, I could say it could be right time to buy them now then hold.
Due to the way I look at it, their next target this week is 60k$ each Bitcoin, and this is what might the whale wants to happen for the coming week.

If it's a future trading contract then yes but it must have been done during hitting the possible highest resistance or let say closer cause it will fall but based on the weekly record it's really volatile for the past few days last night the support is broken and have a new figure which is really worry some cause it could go lower later when it goes to bearish trend.

Bitcoin can fall to $38,000, $39,000 to $41,000 but I won't short bitcoin. I would like to wait its fall to those targets and long it. Short is mean you are gambling in this current price. In this current price, that is close to $41,000 and bitcoin can bounce back anytime. In fact you can see the price is bouncing after $43,000 was called hours ago.

If you want to short bitcoin, wait for another test on $58,300 to short it. A very important note is short position is for short time and you should never hold your short positions for long time. And if bitcoin breaks the cap at $58,350, it is the time you should accept your short position with a small loss and close it. After the break, bitcoin will take off with another 10% to 20% rise.

This can be good for a serious traders that knows how to buy and sell but if you don't have experience with this one then I highly suggest not to do short trading since that's too risky. Bitcoin moves slower now, and hopefully to become more stable on this level so we won't see a big price corrections at all. Those who trading daily are probably making good profit with bitcoin and other altcoins as well, if you think Bitcoin is going down then look for other projects instead of too focus on Bitcoin alone.

Now is not the time to short or even take your long profits. The time to take your long profits was when it was at $58K but still not short. In the past you saw how crazy bitcoin rallies can get. You don't want to be caught off guard like that. Imagine shorting $20K, you would of almost lost 3x your investment since it almost hit $60K.

Right now we need to see what the future brings. If BTC fails to make a newer high and keeps making lower lows then look to short, however now is not the time. Especially since we came very close to the $42K support and rallied away from $43K. There are still large institutions getting involved at these $50K prices. So another ATH is not off the table.

You can short on bitcoin, but you need to know that the price will bounce after reaching the low price because that has already happened many times a few days ago. Yes, the volume is lower, but that doesn't mean the price will be down for more or got another flash dump, but you should be careful. When you short on bitcoin, you need always to watch your trading and set the alarm to close your trading if the price retrace to the high price.

I don't short on bitcoin, but I trade, as usual, just to buy low and sell high. It is good for me because I can take $4-$10 for every trade, and I can do that more than 5 times a day ;D

So I don't need to short right now ;D

indeed it is not advisable to trade properly without experience, it is proper advice from you not to do or avoid. although we know, now is the right time to make short-term trades, even though the risk is greater but the returns are also fast.

I agree with you that bitcoin seems to be starting to feel at home at the current price position, and moving not as fast as a few months ago where an hour could reach a sharp difference in increase.
of course this will make it easier for altcoins to develop and increase. at that time you can also trade in altcoins, which shows an increase.
because there have been many surprises that have also happened to altcoins, indicating that altcoins are starting to move and will make it easier to trade potential altcoins.

I'm actually shorting bitcoin on futures trading, But after hitting the support lines I'm going long for a short period of time because it's just bouncing back on big supports. I'm not that good in TA but I am expecting it to go lower if bitcoin goes down below 43k. Those who short bitcoin from the 56-58k range in futures trading surely gained a pretty good profit from the current price of bitcoin.

At the end of the day it is your decision but shorting bitcoin when we are still in the middle of a bull market is dangerous, maybe you are right and the correction we are seeing becomes an open crash and you earn a fortune in the process, but in my experience this is not good, the price has the tendency to move like this and then skyrocket once again, so if you are going to short the market at least avoid using leverage as that could destroy your account in a few hours under the wrong circumstances.

Shorting Bitcoin near a support at $44K could be disastrous traders who shorted at $58K must have taken profit now waiting for a long position, although some analyst predicted March as a bear month based on the previous year price action the price might prove those analyst wrong going by the price surge this morning its up for every trader to decide the appropriate zones to long personally I think the price will be bullish this month.

I personally don't think the increase in price for Bitcoin is over yet, and we might see another big leg up soon, don't get bearish too fast, shorting Bitcoin while the trend is significantly up is not advisable and just because Bitcoin price actions seemed a little weak for a couple of days that should not motivate you to open large short positions.

Smartest move right now is to start opening smaller short positions now and if Bitcoin happens to keep going up adding more to your position, that way at least you can get a better average entry price for your position or you can open hedge long positions and be less exposed to risk if market goes against you.

Let them be bearish. That's what they think and thought about bitcoin so let them think like that. We have different techniques and thoughts about bitcoin this time.
And if the others are thinking that it's done and over, we think differently. This isn't the end of it and there's probably another run that might come soon.

Since March 2020, the rise in the bitcoin price confirms a bull market. 

The local price maximum was around $ 58,000.  Bitcoin price is currently below $ 50,000.  $ 50 000 is an important psychological price level for Bitcoin. 

However, in my opinion, we do not have convincing evidence that the price of Bitcoin will continue to decline.  Currently, there are no fundamental reasons for the decline in the price of Bitcoin.  The discount rate (refinancing rate) in the US has not yet increased. 

Consequently, the dollar against other financial assets will continue to fall in price.

It's moving up again and gaining good support, of this continue it will lead to touch $50K  in the next following days,
knowing the volatility it's very possible.

In the end of the day, each traders have their own understanding and they will follow their guts choosing what to do, either
long or short they've got reasons and opinions.

The technical may tell it's bearish but there's something that the fundamentals is telling. Recently Citibank just released a 108 page report regarding Bitcoin, here's the link: https://www.citivelocity.com/citigps/bitcoin/

There are other fundamentals to look into and as what sentiments are telling I think the bull market of 2017 isn't the same as the 2021 bull market since 2017 the institutional investors wasn't yet in the space, this time they're here. Who knows but 42k or 39k was the strong support, it may not hit or not but I'm just happy buying every dip.

I think the same when there is not much happening in the bitcoin market it is best to switch towards the altcoins market and rather than investing into altcoins we should look to trade them because the price for altcoins is highly volatile. Sometime ago ethereum was going higher then it went down and such trend continue to happen so if one is smart enough to capitalize on these movements they can even profit with the altcoin market.

Day trading bitcoin is not a bad idea but the problem is that when not much is happening you cannot really sell and buy bitcoins quickly and have to wait for days and even weeks sometimes. The plus point with trading bitcoin is that even if the market is going down we can remain unscathed because it will recover but if the same happens within the altcoins market, panic is obvious.

It's no brainer to buy at this time, it's just a correction. We saw today a green day and everyone who bought at this dip it's pretty much already in profit. Sometimes it's better to keep it simple.

I won't advise you to short bitcoin at the moment, cause you will definitely end up incurring a loss from that trade, the crypto market is very volatile right now, most people (like me) have stayed away from trading for now due to the losses they have had, one thing we must understand is that the bull run is still on, bitcoin dumping to $44k was just a correction in the market, there are still alot positive sign that bitcoin will pump more this year, it's better you don't trade at all for now.

Maybe you're correct but during a bull market I wouldn't go on shorting besides I'd have enough knowledge regarding the shorting position as it's more short and quick unlike longing in it. Good thing for those who are in profit and buy the current lower low but it's possible we may never seen a lower low again or the opposite of it, maybe to 42k, 39k, 36k level and that's still a healthy correction as you say.

Shorting or not is not actually a wrong move since we don't know what will happen next.

For some people, it effective, for some, it's not. Be comfortable with whatever decision so we don't feel the pressure.

Sometimes we need to dive into any option to see the result.

Shorting at the range of $44K is not disastrous if you follow the speed use by the market to regain pump in price.


The market will definitely prove the analysis wrong because it is unreasonable to compare last year or previous ATH market with this current market where major investors are the institution.

If you are trying to check the graph is of the Bitcoin have a downtrend still if you could see a reversal curve there is no longer to stay with the short position for sure the people would like to catch up again the next goal of another ATH which is the 60k. I tried to check with the base on MACD there is a signal already for the comeback of the coin.

Are you in short-term trading or long-term trading?. Well, it a both profitable if you manage to earn with the short position.

The unpredictability of bitcoin market is within a hard pressures as of today, and this is really most interesting as previous performance of February did a great milestone of success. More traders earn good profit during that time while others didn't, but more interested investors is now starting to become attracted towards cryptocurrency. Hopefully, the next 24 hours we will able to see another bounce which is more bigger compared from the last time.

I believe you shorting bitcoin currently is a bad ideas I don't think Bitcoin can come below $44k if you are shorting I probably recommend you to use stop lose which and very sure bitcoin is dip enough the next step am expecting is the bull run so I believe you should buy bitcoin now because is going to pump. What just happened to bitcoin currently is just a correction and not a dump lot's of people still want it to dip more before they enter but I believe thus is the right time to but and not to sell you just have to take the risk. If you are a trader you are a risk taker just take the risk and buy bitcoin and you will be in profit in the next few hours but don't forget to use stop lose when you are trading to reduce your lost even if you will lose.

Just because the volume right now is lesser than the one it had last week,doesn't mean you should go ahead and short bitcoin, you could lose your money in the process, majority are longing only a few are shorting, you know majority always wins, for your own good don't think of shorting bitcoin instead buy the dips, it dipped to $44k if you bought buy then you would be having some profits now cuz bitcoin has bounced back it's trading over $48k+ now.

Maybe not because it is not necessary to fall continue. There can some improvement or some stable condition for some time. In the crypto world, nothing is stable and everything is volatile by its nature. We wish there are no continue falls and BTC will back to its position.

I am not really convinced that bitcoins are going to fall a lot any time soon. Every time we see a drop in the market there is another 10% rally the next day. Like right now, bitcoin dropped below 50,000 USD just to bounce back again. In my opinion there are still a lot of buyers out there who are looking for good entry levels. It looks very risky to short bitcoins at the moment.

Going flat by $45k + lately.
Not sure what's ahead right now but it seems to stabilize around that price lately.
No panicking, lad. I got used to this kind of price pattern.

If I could have one wish in Trading, I would like BTCUSD (https://de.tradingview.com/symbols/BTCUSD/) to move like this:
https://www.tradingview.com/x/sauvo2fy/

Now nice time for to go short because bitcoin down and you need entry and wait tomorrow with lev 50x maybe you can earn more than 100% profit, I think bitcoin will get correction again and need waiting will be on lower price or have to buy long, depend with your way maye bitcoin little correction and later back above $50,000.

Speaking about it here is a bit hard casue this is all time sensitive but generally for long it's good time to buy but for short depends, good technical analisys is needed.

yes. possibility to bitcoin dump 42k .but don,t panic and buy more because chance to bitcoin price crossed 70k usd   in the year. hold your bitcoin if you have money go and buy bitcoin how much you can.

Even if bitcoin is dumped it is less likely to go below $ 40k I don't think it will last very long. If you go down you will go up again now is a good time to invest and hold on the price of bitcoin has gone up by about $ 45k traders can still make a profit if they invest due to the influence of whales in the market the price of the coin has come down but the bull run is going on again. Don't be discouraged wait patiently the opportunity of bitcoin will come again with bitcoin the price of altcoin will increase this time.

correct don't be scared about the current situation  OP, wherein always monitor the graph instead, so that you have an information about the future of BTC price . because i agree this dump is a big opportunity to buy soon or later, so there's always a big chance for the growth rate to change direction without knowing. Be smart mate if you want to obtain more..

Well at least you have couple of days to short bitcoin, otherwise you will get REKT today, as the price is going up and we have touch $50k again. That's why it doesn't make sense to short it, specially in a bullish trend that we have right now. Goodluck though for those who make money or at least squeeze some profits.

But now bitcoin down again and you can try for short, but not any guarantee how last night happen when bitcoin down and touch lower price under $47k suddenly up and raise above $52k today, will the same moment tonight with bitcoin back to higher price or not because many people try to make bitcoin down and buy back for raise up again.

It dipped twice, maybe three times the charm? ;D

I'm looking forward to buying in if that happens again.


I remembered shorting BTC during the last year's bull run and lost some profit along with my principal.

Bulls are stronger this time, hello $51k instead of $42k.

Not only $70k but most rumors are telling that $100k is very possible. It's time to long in bitcoin and if you have to short, do it because you need money and don't sell if you've got a good reason unless you really want to sell and don't regret it when you see it pumps back.

Bitcoin is just taking  some correction. And after after that they again take a upward flight. Bitcoin test the 42000$ level and again move upward. So, if you want to take a short trade close it with small profits. Don't hold short position for long term. Overall Bitcoin is very bullish and holding long position for long term is a  good choice.

As per the comments above, shorting can be done- that's for sure - but you might find yourself that it is not working as well as you thought. BTC dumps are now minimized and you can never know which way/or how high it will go. Can potentially do it but like with everything else crypto related can be risky. So if you can manage that risk, give it a shot...

That is not something you have all the time, it only happens in a bull run or in a recovery from a correction which is why we see them like that and those two things are not that common, they happen very rarely. People were happy about the super increase that happened since October for example, but the last one was in 2017, we had a short increase in April 2019 that took us from around 4k to 14k and that was nice but aside from that we never reached back to 20k, and that shows you what kind of rarity it is and how hard it was.

So long story short ,we are in a situation where these charts are something we miss, we miss that a lot, it happens only for a short span of time and leaves and doesn't happen for years, same will happen in the future. However we are lucky that we know it happens once in a while and it takes us super high so we could just wait until that happens.

there is no 100% confirmation on shorting now except you will short for small moves and take little profits otherwise you might be liquidated. we are still very much in bullish trend just that there might be some little pull backs. check your charts to be more familiar with market trend.

Each correction has a purpose, for the next market move. Therefore, no decision should be taken by being overly excited in any situation in the market. Because the Bitcoin market is now in a position where it is very difficult to make any kind of decision about the next movement.

If you have opened a short position after this post, then you may have already realized how wrong decision you have made. Now the bulls are very strong in the market, they will make you want to make wrong decisions in various ways.

So now instead of opening any short position in Bitcoin, you should hold your hodl Bitcoins to enjoy the next bitcoin price movement.

Check on the market now you have many option to try short or long because bitcoin touch and back again under $48,000 and you still analyze which one coin have to short or long. I see last few hours bitcoin failed break out above $50,000 and become good way if you wanna try to short bitcoin or altcoin, just check which one potential give much profit to short or long now.

I think too that bitcoin price can be fall down. Bitcoin price always pump or dump but this pump is rocket. I this it price dump same way.

As far as bitcoin is concerned we can't say what would happen in the future. But, it has gone up for some time, so it's time to go down. Recently, the volatility has been very high in the market, so traders have to be careful as it can go either way. There is also a strong possibility that it can go 3k or 4k up again and then go down which has been the pattern in the market recently.

It is a bad idea no doubt about it, personally I do not like to short markets because as we know when the stock market begins to go down the government prints a bunch of cash and injects liquidity to the market making it to go artificially up, and while this does not happen here, bitcoin has a long term tendency to go up so shorting seems like a waste of money, but shorting it when it is so close to its support is simply a bad idea that is not justified according to what we see in the charts.

I don't see any reason to short the bitcoin. The market sentiments are still bullish and they will remain bullish until the bitcoin is above 40K. There is a lot of support at 45K , 42K and then psychological  support at 40K, so it will be difficult for bitcoin to move below these levels.
Also we hear MicroStrategy and other companies keep buying bitcoin on each dip which keeps the bitcoin price up.

When have chance bitcoin under $48000 better you try for long bitcoin and wait until raise above $50,000. I think bitcoin will going on above $50,000 looking many time failed raise to higher price, third time correction and I think enough and stronger for bitcoin back again to higher price, maybe short is not good choose looking with moment bitcoin wake up to higher price, but if you want to try short better choose above $50,000 because very risk if you want to short now.

Shorting hurts the most because bitcoin tends to bounce back quickly and, in that case, you lose the value very quickly when you are shorting it. So, I do not prefer to short anytime and being an investor its always better to believe based on your research and the goals you have set in. So overall the market looks very positive and high chances to see any time ATH again in coming months.

I think you waited too long to open the thread. Feb 21 or Feb 20  would have been the two days to write this post/thread.

You should lock it..


 as the time now is to buy it cheap before it hits 70k

You may be right, I don’t hold much this time, I am just holding a small amount that I left there in my wallet in case the price continues to go up so that I can be making some profit.

But, the market has been doing something like this for long, it goes down and we all think that it is the bearish trend that is about to kick in and the next thing you know the price is going all the way back up again. So it’s possible that the same thing might be what we are seeing again or maybe not. I will be happy if it goes some more up so that I can make some more profit.

According to Op, what I think is not very good, I think that this is not the time to place short positions, although the market is in a correction, there is no confirmation that it is a bearish trend, to place a short position after Microestrategy announced that it bought more bitcoin is not a good option, and rumors that Netflix will buy Bitcoin.

I do not know if in the short term, the "scalping" mode trading will have a variant to position itself in short, it may work, that type of trading at least I do not master it.

If it will drop consistently then you're fearing to loss your asset don't hesitate to sell. But if you have remaining holdings and you wanted to grow it evenly in the next future pumps, save it in order to gain much higher profit.
We need not to panic when price go down, time will tell market will continue to rise as long support goes stronger.

People do really have this kind of behavior on where they do really panic out when they do saw their portfolio is going on reds and selling out for protecting your profits isnt something bad from time to time.

We can actually do such thing and then later on buyback when you do see or presume out the possible bottom and when the market tends to rise up again then that would be an another profit for you.

But if you are holding your coins for future aspects then these movements wont really be a bothersome on your part since you do know that there would be always a recovery.

I know this thread is a week old but I dont think you want to short at this point.  Maybe some staggered sell offs if you want to get in at a lower position, but one crazy run and ypu will be margin called real quick. Shorting in a bull or longing in a bear are dicey moves.

You can't predict what will happen in the next 24 hours, if your reference only about volume, Volume transaction every day is easy to increase and decrease. You should know that Bitcoin is a long term investment, don't try to find the lowest price and sell it for fast profits, you should buy it as an investment, not as a trading asset

Any trade is best in a regular trend pattern and we're nowhere near to that.   If anything the bias is still firmly with going long, you can always guess tops but then also have to worry how long does that top last for because we have no proven regular trend  up or down right now its hard to call this.   Mostly we are positive is a fair take so calling short is unusual and you run against the tide, not that you must be wrong but this requires high conviction.

We are rising above 2 day average though also within a previous range (https://talkimg.com/images/2023/06/12/AjFLZ.png), no set trend just recovery from prior selling and some repeat.

Not all investors are into long term investment, there are also traders who understand the market and they are aiming to get fast money and repeat it over and over.

It's your own assessment to define what influence that the market really move, if you feel that volume got that then following this is your own decision to make.

At the end of the day, it's you that obliged to deal with deeper research to make a much better system in your everyday trade.

Turns out, my plan for BTCUSD (https://de.tradingview.com/symbols/BTCUSD/) was basically a contra indicator  ;D
https://www.tradingview.com/x/EyzBdjIV/

You can predict anything in the market as it's the same as guessing what shall happen within the next 24 hours.

But for bitcoin, it's always been stable and that's why it's no problem if the volume is just the case and basis.

It's the opposite, you should buy it at the lowest price and sell it whenever you want, fast or slow profits. And you can't stop people for using it as a trading asset because it's on every exchange that you can ever find.

Now bitcoin up above $53,000 do you this best time to short or not, I think wait for tonight and see tomorrow how bitcoin price, but I like for short bitcoin right now and believe will back under $47000 again, last three day bitcoin have going down and become the same moment maybe tomorrow for bitcoin go back to lower price.

Shorting during a bull run is one of the fastest ways to lose all your money, I understand that some people look at the price and think it is too high, but things have changed dramatically, the fact institutional investors are now openly buying bitcoin and stating that they are basically using it as a hedge against inflation plays directly into the narrative this forum has been establishing for years in which under an important economic crisis bitcoin will protect us from inflation, and since governments are still printing a lot of money it is not wise to short the market as inflation is nowhere near where it should be as many people are saving the money they are receiving from the government in case they needed it in the future.

What happen with short position, keep away from liquid calling because bitcoin yesterday and now keep raise to higher price, without any good news bitcoin keep reach higher price from $50,000 and now become fantastic with price above $55,000 early close with $60,000. But how bitcoin keep stronger raise to higher price or shortly will correction.

All these people who say they are going to short Bitcoin, I wish they would post proof that they have finally done so, but I don't see any. Playing to go short is playing roulette, it can only work if you have a lot of knowledge and you also need luck, because getting it right consistently over the long term is so improbable that it is practically impossible.

Yeah, but imagine shorting bitcoins when the price was pumping from 15k to 25k then people might have done short selling but the price kept rising so I am not a huge fan of short selling unless its some shit coin that is bound to drop at a particular time. For example doge coin is being pumped quite hilariously but everyone knows it will come down in near future maybe a little late but it has to come down once Elon Musk stops shilling for it.

Shorting doge coin is a good idea in my opinion and even bitcoin but the problem is that when you short sell a coin as good as bitcoin, it can back fire if market continues to grow.

I never trust these analysts because where were these guys when bitcoin was dropping in early 2020? They all seemed to find a reason to support the bull or bear market instead of actually analyzing and giving their verdict.

Because it's a suicide, and what we have seen since last week, if they do short bitcoin, they will be rekt and destroyed. Of course you can still short bitcoin, but you have to be cautious and know what you are doing. Long term, at this bullish phase is impossible. You have to pick the spot, we have notice that in a month, there is a week that bitcoin is going down. And maybe that is the perfect opportunity to go and short it and squeeze some profits.

You can still short but don't go much deeper than below 50k since it will never happen, people who do that will lose their money and its suicide to think bitcoin will dump while the reality is we are on green zone since the hype still there. The price is projected to rise up to $60,000 so expect many people will do long since this one is achievable, current price of bitcoin is at 56,000 so its quite near to reach at 60,000.

I guess there will always be some people who would be worried about bitcoin going down, obviously that doesn't make sense to all of us because we know that bitcoin will be doing awesome and there is nothing that will make bitcoin go down that easily, but we still can see these people and try to understand their point of view.

If there are this many people who think that bitcoin will go down, they could still be wrong but it could be at least understandable and that is because they are not doing it because they like it, they do it because they are afraid, they are afraid that they will lose the profits they made and that part is the understandable part because who would want to lose their money? Not this topic because it is talking about shorting so it is about making profit again by hoping that it will go down, that is why it is an improved version of selling because you fear it will go down.

Well seems that you got the right thing , because it is that Bitcoin drop after 24 hours and that starts the fall down to 43,000$ in the last weeks.
But now it is climbing back again reaching 57,000$ once again and looks with high moral now that another ATH will soon be revealed .
Lucky those who had sold at 57k and bought back at 43k , they are surely having another more than 20% of their Bitcoin at held.

Personally I think it is better there is no proof, maybe they got scared or they reconsidered their position, just look at the market, we have reached yet another ATH and we surpassed the 60k level, anyone that shorted the market and used leverage probably lost a great deal of money if not all their capital, I simply do not understand why people want to short a market that is giving no signs that it is going to stop they are just wasting their money by doing this.

It is disastrous to short a coin or any asset about which you don't know what will happen next. Its only viable when you know or at least have a slight idea which way the market will move.

For whom it works - they know what they are doing.
For those who face loss - they just gamble with the movement and short selling is more like gambling to them.

If you know what happened recently with the gamestop share recently, you should never try to short sell an asset just to try it and see how it works. Not everything is worth testing or taking risks.

Go net long, short is a trade often needing closing in this market though BTC price has pulled back quite a bit it resolves upwards.   Right now its not showing any weakness apparent, its above 2 day (https://talkimg.com/images/2023/06/12/AjuIH.png) average  and even faster measures.
  I will give a bearish trigger to let your pet bear off the leash while we are under that near term.  57508, close here under 4hr bar and you have space to walk the bearish dog as it were and see how far it goes maybe speculate into Monday but its not an easy journey I guess.  56757 is first target downside, again ideal is to close under there and confirm or its not the weather for a bear.

You short the bitcoin in a bull market and you will get rekt. Sometimes the indicators also show that bitcoin is going to dump and by shorting it you can get good profit. But as soon as bitcoin start to dump, the buyers jump in and keep buying every dip and push the price up. Its better only to long bitcoin or wait for an opportunity to long.

Of course, I think that's one rule of thumb during a bull market, don't short bitcoin otherwise you will be REKT by the super fast rally, even if you do some leverage. And to counter this, better be a long term holder and just buying during minor dips to accumulate bitcoin overtime. There's no secret here, you just have to really go with the current market situations and you will get profits eventually.