Doctor Profit posted a weekly Bitcoin chart today with a clear warning. He says many traders are now convinced that $60K in February was the bottom. They are calling for $100K and higher. He warned this would happen. According to him, Bitcoin is now in a bullish trap. The region between $79,000 and $85,000 is the area where the big crash starts. He says no one is ready for what is coming. Let’s break down his trade plan and the chart.
What you'll learn 👉
Doctor Profit’s Take: The Bullish Trap and His Trade Positions
Doctor Profit shared his exact positions. He shorted Bitcoin from $120,000. He took a long from $71,000 and closed 30% of that position. He took another long from $75,000 and closed another 30% at $82,000 and has filled 30% of his short orders. The remaining 70% of his short orders are still active.
His strategy is clear. He believes the $79K-85K zone is the local top. He expects a big crash from this region. The chart he attached (weekly BTC) shows a capitulation area near $49,000-$60,000 with a bottom formation labeled.
Bitcoin price moved up from that zone to the current $78,000-$82,000 range. He has drawn a resistance zone around $85,000 and marked “Short Orders” near $78,000-$80,000. His annotation says “Bitcoin is now in a bullish trap.” He warns that most people are not ready for the downside move.
Bitcoin News Driving the Sell-Off
A global bond sell-off hit markets. Back-to-back elevated CPI and PPI data shifted market expectations from Fed rate cuts to potential hikes. Treasury yields jumped above 4.5%. The S&P 500 saw its worst single-day performance since March. This macro repricing forced a massive unwind of leveraged crypto positions. Over $581 million in liquidations occurred in 24 hours, with $552 million coming from long bets. Bitcoin led the way with $189 million in liquidations.
U.S. spot Bitcoin ETFs recorded $290 million in net outflows on May 15. BlackRock’s IBIT led the outflows. Weekly outflows reached $1.15 billion, ending a six-week inflow streak. The sell-off was broad-based.
On top of macro pressure, the Clarity Act committee vote triggered a classic “sell the news” event. The bill advanced out of the Senate Banking Committee on May 14, but traders had already priced in the victory. Once the vote passed, profit-taking began. Bitcoin fell from $82K to below $80K, and XRP dropped from $1.54 to $1.42. The regulatory milestone became a sell trigger rather than a buy signal.
Related Bitcoin news: ChatGPT Predicts the Bitcoin Price If the Fed Cuts Rates in June
Our Opinion on Doctor Profit’s Warning
Doctor Profit has a strong track record. He shorted the $120K top in 2025 and called the drop to $70K. His current plan – shorting $82K-85K daily – is logical given the macro backdrop. Inflation remains sticky. The Fed may not cut rates soon. Yields are rising. Crypto ETFs saw their first weekly outflows in six weeks. The “sell the news” reaction to Clarity Act is real.
That said, calling a crash to $60K or lower is aggressive. Whale accumulation in Bitcoin and XRP remains strong. Institutional inflows could return quickly if the Fed signals a pivot. Doctor Profit himself has only filled 30% of his short orders unless $85K clears.
For now, his warning deserves attention. The risk-reward is skewed to the downside in the short term. Traders should avoid chasing longs near $82K. Watch $78K support. A break below that would confirm his crash scenario.
All in all, Doctor Profit warns that Bitcoin’s $79K-85K zone is a bullish trap and the big crash starts there. He has shorted at $82K and has more orders ready. Macro conditions turned bearish: hot inflation data, rising yields, $1.15B in weekly ETF outflows, and $581M in liquidations. The Clarity Act “sell the news” added pressure.
FAQs
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
