Algorithms open mean-reversion Short positions in Bitcoin.

Trading algorithms have initiated mean-reversion positions in Bitcoin through Futures and other structured derivatives.

Despite the clear bullish sentiment in the mid-term and long-term trends, we are observing indications of traditional Elliott Wave patterns in conjunction with a Relative Strength Index (RSI) touching 50 on the Daily chart, signaling a potential deceleration of the current trend.

In response to these observations, several trading algorithms are adopting Short positions as a mean-reversion strategy ahead of anticipated mid-term uptrends.

This proactive approach aims to capitalize on potential short-term fluctuations in Bitcoin's price while maintaining a broader strategy aligned with long-term bullish trends.

We continue to monitor market dynamics closely to optimize trading strategies accordingly.

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