A good time to hedge BTC (Etc)

Bitcoin is now trading $55,000. I believe this is the important resistance level. I do not think it will go much higher. Any moves higher will be fast ones and it will be down soon after. This would be a great time for people to sell BTC futures, put a stop loss at $58,670 and target $34,080. This will be a cheap portfolio hedge. Reference: Real risk of serious bear market: Portfolio protection tips. (read.cash) https://read.cash/@flipfx/real-risk-of-serious-bear-market-portfolio-protection-tips-9d1aa029 This is not financial advice and I can not say what will be best for you. For me, I can risk a couple percent here to save 20 - 30% in a smaller correction. I think after a drop BTC might trade a little higher. Somewhere around 70,000. As I said at the bottom of this post - 23rd Feb. Critical levels reached. (read.cash) https://read.cash/@flipfx/23rd-feb-critical-levels-reached-98f1246d If BTC spikes to 70,000, and SPX spikes to 4,000 - **watch out!** I think these will happen after the next drop in the market (Which I expect to see very soon).