Bitcoin Faces Bearish Pressure as Whale Bets Short, Support Levels Under Scrutiny

Bitcoin’s recent price rally has been met with cautious sentiment as a prominent whale ramps up bearish bets, leading to scrutiny of key support levels and short positions. Market participants are closely watching technical indicators like moving averages to gauge the cryptocurrency’s next move. While macroeconomic events like trade talks between the US and China remain in focus, Bitcoin faces headwinds from this large-scale shorting activity.