Trader Killa Resets Bitcoin Short Stop Loss to $84,000 on May 7, Maintains Bearish Stance

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BTC-1.24%

According to BlockBeats, on May 7, trader Killa acknowledged his short position was entered too early and adjusted his stop loss to $84,000. Although he recognizes the position may be liquidated at the new level, Killa maintains his bearish outlook, citing that bear markets typically last 300-400 days and only 212 days have elapsed in the current cycle, suggesting an accumulation window remains.

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