- Analyst says he opened short positions near $82K–$85K, expecting Bitcoin’s rally to face a local reversal.
- Bitcoin remains above key moving averages despite earlier correction and heavy liquidation pressure in February.
- Analysts watch resistance near $86K as bullish sentiment rises and market momentum continues tightening.
Bitcoin traded near $80,700 this week as analyst Doctor Profit warned that the current rally could mark a local top before another sharp correction. According to Doctor Profit, Bitcoin’s move toward the $82,000-$85,000 range matches projections shared earlier this year, while traders increasingly return to bullish positioning during May 2026.
Doctor Profit Maps Out Short Strategy
According to Doctor Profit, the analyst has started opening short positions daily while Bitcoin trades between $82,000 and $85,000. He said the strategy similars trades used during the 2025 market top near the $115,000-$125,000 range.
Doctor Profit explained that he allocates 10% of trading capital into shorts each day within that range. At the same time, he said profits from earlier long positions near $60,000, $71,000, and $75,000 are being reduced gradually.
The analyst also stated that retail traders have returned aggressively since Bitcoin reclaimed the $76,000 region. However, he argued that rising bullish sentiment now resembles conditions seen before previous reversals.
Bitcoin Holds Above Key Moving Averages
Meanwhile, the broader chart structure still shows Bitcoin trading above major moving averages despite the earlier correction. Bitcoin traded above $100,000 during November 2025 before heavy selling pushed prices toward the $62,000-$65,000 region in February 2026.
That decline also produced strong volume spikes, reflecting elevated liquidation activity across the market. However, Bitcoin later formed higher lows through March and April as recovery momentum strengthened.
The MA50 gradually turned upward during April, while the MA200 stabilized near $76,700. Currently, Bitcoin remains above both indicators, which traders often monitor for broader trend direction.
Resistance Builds Near 82K Region
Current resistance is between $82,000 and $86,000, according to the chart structure. Meanwhile, support remains near $76,000, followed by another major level around $68,000.
Doctor Profit stated that the market could experience stronger bullish sentiment during the coming days. However, he maintained that the current recovery phase remains a “bullish trap” ahead of another downside move.
Volume trends have also normalized after February’s sharp selloff. Even so, Bitcoin now approaches a zone where both bullish momentum and resistance continue tightening simultaneously.
