Based on the weekly chart and current state of the economy, we are seeing a potential downward movement of the BTC toward 200 weeks moving average. Based on the current macroeconomic, we are very bullish about the long-term prospect of bitcoin. That is why we like to protect our position bitcoin during the downturn and take advantage of the buying opportunity.
We have taken a short position in bitcoin to hedge our position and expanded dollar liquidity for the next buying opportunity around 200 weeks moving average.