The analyst who accurately predicted the top and shorted it again raises BTC's short-term short target

A cryptocurrency analyst, Doctor Profit, who successfully predicted Bitcoin shorting in the $115,000 - $125,000 range, has now adjusted his trading plan.

Although he remains bearish on BTC's medium-term market outlook, the path to his target price has changed significantly.

Doctor Profit originally planned to establish a long position at $71,000 and fully close and open a short position between $79,000 and $84,000.

But based on the latest market analysis, he now decides to cut half of his long position around $76,200 to lock in some profits, while moving the stop-loss to the entry price.

Doctor Profit believes that there is a high probability that Bitcoin's price will rise to the $76,000 area in the short term, but only a moderate chance to reach the $79,000 - $84,000 range.

This judgment is based on Bitcoin's recent upward price trend driven by capital inflows. Especially in the past few days, continuous inflows into Bitcoin spot ETFs have pushed its spot price above $76,000.

Doctor Profit originally established a short position at around $120k, and this decision proved to be very timely. Bitcoin reached a record high of $126k last October, but then declined due to the U.S. threat of new tariffs on China, continuing to fall until the end of January, confirming his bearish outlook.

In the following two months, Bitcoin's price hovered within the $65,000 - $75,000 range. Although Doctor Profit has realized some gains, he remains firmly bearish, with his original short target set below $55,000.

He also marked three downward short targets on his shared chart: Short Target 1 at approximately $54,396, Short Target 2 at $46,392, and Short Target 3 at $39,388.

However, he now plans not to open new short positions near $76,000. He believes that market enthusiasm and subsequent buying could push the price to the $79,000 - $84,000 range, which would be a more ideal entry point.

What is your view on the cryptocurrency market's outlook? Do you lean more toward a short-term bullish breakout or a bearish pullback?

#BitcoinMarketAnalysis