Prominent Trader: Bitcoin Has Entered Bottom Area, Accumulating BTC in $54,000 to $64,000 Range

BlockBeats News, August 5th, Renowned trader Doctor Profit posted a message stating that he did not accurately short BTC at the $125,000 top, but instead gradually built a short position in the $115,000 to $125,000 range, sold all his bitcoin, entered into a larger-scale short position, and concluded that the current bull market has ended.

Currently, he has set the $64,000 to $54,000 range as the BTC buying zone and is actively buying according to this plan. He mentioned that he cannot predict the exact bottom, as he is better at identifying price ranges. The current buying range implies that he believes BTC has entered the bottom zone and is preparing for it.