Bitcoin / TetherUS
Short

[SeoVereign] Bitcoin Bearish Outlook – June 22, 2025

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Currently, Bitcoin appears to have entered a downward phase based on the counting criteria. A movement breaking below the S1 support line has been detected, which I previously mentioned as a signal to consider a mid-to-short term bearish trend.

From a trend perspective, a bullish reversal has not yet occurred. The reason is that on the 20th, when the 105550 level was broken upward, a strong momentum-driven upward move did not follow. If a true trend reversal had occurred at that point, there should have been immediate strong buying pressure without a whipsaw movement after the breakout. However, the market quickly reversed downward, indicating that selling pressure still dominates.

At that point, I was preparing a long idea, but as the bearish trend became clear, I chose not to upload it. At the same time, the 1.414 butterfly pattern I personally developed was confirmed, further supporting the continuation of the downward trend.

As a result, I have continued to hold the Bitcoin short position that began with the idea on the 11th, and I plan to provide further analysis and idea updates as market movements unfold.

I wish you sound judgment in the market and continued good fortune.
Note
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first tp hit!!

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