Bitcoin Drops Below $18,000 — Bearish Momentum Resumes
I see Bitcoin falling back below $18,000, which signals renewed bearish momentum and higher short-term downside risk.
I'm treating this move as a warning to preserve capital and avoid adding fresh long exposure until the market shows clear stabilization.
Analysis
Recommendation
I recommend reducing long exposure or selling into strength, using tight risk management; wait for a sustained recovery above key resistance (near prior support levels) before adding positions.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.