Closing a swing short position on Bitcoin from the 72.8k region prioritizes risk management over attempting to capture every minor downward fluctuation. While the broader market remains in a bear cycle, current risk-reward metrics suggest that the potential for further downside is increasingly limited compared to long-term upside. Technical indicators, including the Mayer Multiple, VDD Multiple, and Net Unrealized Profit and Loss (NUPL) charts, indicate that Bitcoin is currently in an oversold, bottom-forming phase. Consequently, the strategy has shifted toward a neutral bias, focusing on scaling into long-term spot holdings while awaiting structural confirmation for future positions. A new all-time high is projected within the next 350 to 400 days, with the current focus remaining on accumulating assets rather than chasing short-term volatility.
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