Analyst Doctor Profit maintains that Bitcoin's recent price rebound is merely a relief rally within a broader bearish structure. Citing the 2022 cycle — when a 45% bounce preceded another sharp crash — he warns the current setup mirrors that pattern.
Layered Short Strategy Near Resistance
Bitcoin has approached the resistance zone 79K–85K, which Doctor Profit flagged months ago. He outlined a scaled short plan: placing sell orders between $79,250 and $85,000 with larger allocations concentrated near $84K–$85K. Meanwhile, his existing long positions opened at $71K remain active, targeting the $79K–$84K area for gradual exits.
Conditional Long Orders at $70K
To catch potential downside extremes, Doctor Profit set conditional buy orders near $70K. These orders will only trigger if price does not first reach the $79K–$84K target zone, providing a backup strategy for volatile swings.
Futures-Driven Rally, Weak Spot Demand
Doctor Profit attributes the recent price increase to futures market activity rather than spot buying. He argues this derivatives-heavy volume reflects short-term positioning, not genuine demand, making the rally fragile. A futures liquidation cascade could quickly reverse gains.
SP500 Correlation and Deeper Correction Risk
The analyst also tracks the S&P 500 closely. He has opened short positions at 6,400, 6,800, and 6,900, with plans to add more. He expects a broader market downturn to drag Bitcoin lower, increasing the probability of a test of the $50K support level.