BTC Hits Smart Money Sell Zone

PeterDiCarlo
08-22

Hey everyone 👋

$BTC is now pushing into a short-term Smart Money sell zone, with the immediate target range around $76K–$80K.

I’m still bullish on Bitcoin over the longer term and expect new all-time highs within the next 12–18 months. 📈

But in the short term, this is a level where a rejection could make sense.

The key level is $85,000.

For Bitcoin’s internal structure to turn bullish, price needs to break above the recent swing high and hold above $85K. Until that happens, the internal structure remains bearish.

So if you’re trading shorter-term and looking to lock in some profits, this isn’t a bad area to consider taking some off the table.

Long-term bullish. Short-term cautious.

$85K is the level that could change the picture. 👀

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