Bitcoin Trader Doctor Profit Seeks $79,000 as Short Position Target

Renowned trader Doctor Profit has initiated a short position in Bitcoin at $86,200. He is building a swing short position by placing additional sell orders between $86,500 and $89,500.

According to Huoxing Finance, Doctor Profit's current target remains $79,000. Upon reaching this level, he will decide whether to close the position for profit or maintain the short based on Bitcoin's price reaction.

The trader does not expect prices to fall below a potential deepest pullback range of $69,000 to $71,000.