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Trader Killa, who accurately predicted the bull market peak last year at $BTC , is still holding strong on his short position.
His logic is straightforward: as long as BTC remains below $79,100, we're still in a correction phase, and the target price of $74,000 is just around the corner.
Only if the price reclaims $81,000 will his bearish stance be invalidated.
He mentions that his long positions are merely a short-term hedge to protect his main short position. The market won't drop in a straight line; any bounce is just a swing opportunity for short-term players.
In short, this current bounce is, in his eyes, just a dead cat bounce during a downtrend.#TradfiTradingChallenge