Bitcoin and Gold: Fahad's Bold Short Plays Amidst Market Turmoil

So basically, the Bitcoin setup today was one of those where you either see it clearly or you miss it completely.

Fahad's read was direct: 'I would still short Bitcoin, to be honest.' No second-guessing, no 'let me wait for more data.' The thesis was built on a simple but powerful observation, BTC had rallied near previous highs, open interest was declining, and there was no meaningful fresh buying pressure behind the move. That combination has burned a lot of late longs before. And honestly, if we had to trade based on this, we'd have to be very aggressive about the entry timing.

Here's the core of the trade:

• Entry: Near the previous highs (where the weak hands tend to pile in, chasing the breakout)
• Target: Down to $68K
• Stop: ~25% position sizing with tight risk control
• Reasoning: Short squeeze potential + market correction as over-leveraged longs get flushed

The short squeeze angle is worth understanding properly. A short squeeze happens when price spikes up sharply, forcing shorts to cover, but Fahad's point was that the conditions for a squeeze were actually setting up a better short entry, not a reason to go long. You let the squeeze play out, you get your elevated entry, and then you ride the correction back down. Counterintuitive? A little. But that's exactly the kind of thinking that separates disciplined traders from reactive ones.

'We are dropping below our previous support and that's never a good sign', that line from Fahad landed hard during the stream. Because it wasn't just a technical observation. It was frustration mixed with conviction. When support breaks, the traders who were holding on hoping for a bounce start hitting the exit. And those exits show up as sell orders. The order book doesn't lie.

Look, if you've been watching the broader crypto market this month, this setup isn't surprising. The cryptocurrency hype tends to create these pockets of irrational optimism near highs, and that's precisely where the risk-to-reward flips in favor of the short side.

The team's view is straightforward: $68K is the line to watch. If BTC loses key support on the way down, that target gets hit faster than most retail traders expect. And if it doesn't? Well, that's what stops are for.

Gold was the other major setup we were tracking, and Fahad had a clean level in mind.

The word he used was 'ripe', and honestly, that's the right description. GOLD wasn't in freefall. It wasn't panicking. It was just sitting there, looking heavy, with no real catalyst to push it higher. You know what I mean? The market wasn't experiencing aggressive buying or selling, just this slow, grinding drift that tends to precede a sharper move down.

The setup:

• Ticker: GOLD (Gold futures)
• Entry: Around 5074
• Target: Down to 5023
• Stop: ~1% (tight, disciplined)
• Risk-to-reward: Clean. This is the kind of setup where the numbers actually make sense.

Wait, actually, the support-resistance dynamic here is the whole story. 5074 wasn't a random entry. It was identified as a zone where previous buyers had defended price. Once that defense starts looking weak, the path to 5023 (the next meaningful support) opens up. That's not guesswork. That's structure. And that distinction matters more than most people realize (and this is where most traders get it wrong, they're shorting vibes instead of shorting levels).

That ~51 point drop from entry to target, against a 1% stop, is exactly what Fahad means when he talks about needing 'some kind of good confirmation' before pulling the trigger. You don't short Gold just because it feels heavy. You short it when the levels line up, the momentum is absent, and the risk is clearly defined.

The broader picture: Gold had been riding a wave of safe-haven demand, but with the market in sideways mode and no fresh macro triggers visible as of this session, that demand was fading. Fahad's instinct, short the fade, not the fear, was the right framework.

One thing worth flagging for anyone building this trade: the 1% stop is tight by design. It means you're either right quickly or you're out. No sitting in a losing position hoping for a reversal. That discipline is what keeps the account growing over time.

Look, not every session is a trend day. And today was the opposite of a trend day.

'It's like a rollercoaster in the market today', Fahad said it with a laugh, but the underlying point was serious. Choppy, sideways conditions are where most traders get destroyed. They see a move up, they buy. It reverses, they stop out. They see a move down, they short. It bounces, they stop out again. Rinse and repeat until the account is bleeding.

Our team's approach in these conditions is simple: wait for confirmation, reduce size, and don't force trades that aren't there. I mean, honestly, it sounds obvious when you say it out loud, but in the moment, when the market is ticking and the chat is buzzing? Sitting on your hands is genuinely hard.

Here's what the data was telling us during the stream:

• Open interest is going down, this is the key signal. Declining open interest means existing positions are being closed, not new ones being opened. It's not bulls or bears winning. It's everyone just... exiting.
• No aggressive buying. No aggressive selling. Just noise.
• 'I don't expect a lot of volatility right now, while everything's looking sideways.'

The teaching moment here is about reading open interest correctly. When price is flat but open interest drops, it means the people who were long are selling, not new shorts entering. Those exits show as sell orders in the book, which can look like selling pressure, but it's actually just profit-taking or loss-cutting from existing longs. Understanding that distinction changes how you read the market entirely.

Anyway, the bottom line: choppy markets punish impatience. Fahad kept the team anchored to levels and confirmation signals rather than chasing every tick. Let's see what develops from here, because the setups are being built even when nothing looks like it's moving.

Mid-stream, Fahad threw a question out to the chat that got everyone thinking: 'What do you guys think that $00 account is right now?'

For anyone who missed the backstory, the $00 account challenge is one of those live experiments that keeps the Hitpoint community genuinely engaged. Starting from a minimal balance, trading real conditions, real decisions, real consequences. No hypotheticals. No paper trading safety net. (Spoiler: watching real money move in real time hits very differently than a demo account.)

The chat went wild with guesses. Some estimates were conservative, some were wildly optimistic, right? The crypto crowd always thinks everything 10x'd overnight. But the point wasn't just entertainment.

The exercise forces the audience to think critically about compounding, risk sizing, and what's actually realistic over a series of trades. Most people dramatically overestimate short-term gains and underestimate how quickly bad risk management destroys an account. I guess, I mean, that's just how it is when you haven't lived through a few drawdowns yet.

So what is the $00 account at right now? Drop your guess in the comments. Seriously, 'What's your guess? Where do you think that $00 account is right now?' is still an open question, and the community's collective reasoning is half the fun.

This kind of live engagement is what separates a trading stream from a lecture. Fahad's been building this community around active participation, not passive consumption. Make sure to hit that like button and stay plugged in for the next update on the challenge.

Here's something no trading textbook tells you properly: the emotions don't go away. You just get better at not letting them run the show.

Fahad was honest about this during the stream. 'It's funny, right? Getting stopped out, and then price moving in our favor.' Said with a laugh. But underneath the humor is a real frustration that every trader has felt, the stop gets hit by a few ticks, then the market does exactly what you thought it would, and you're watching from the sidelines with no position. That was a mistake. And it stings. It's supposed to sting.

That sting is what makes you review your stop placement, check if you sized correctly, and ask whether the entry timing was actually right. Our team has all been there at some point, and you know what I mean when I say it changes how seriously you take the process.

The emotional arc of a trading session is real:

• Early: cautious optimism, scanning for setups
• Mid: conviction building as levels hold or break
• Late: either satisfaction from clean execution or the frustration of 'we're dropping below our previous support and that's never a good sign'

Fahad's light-hearted take on the stop-out scenario wasn't dismissal, it was perspective. One trade doesn't define the session. One session doesn't define the month. The traders who blow up are the ones who let a single stop-out turn into an emotional revenge trade that doubles the loss.

I mean, honestly, if we had to distill it into one line: the emotional awareness alone is worth more than any single indicator. The market will always give another setup. The levels are still there, the thesis is still intact, let's see what happens next.