BTC short setup:
Entry: $65,200–$65,500
TP1: $64,850
TP2: $64,400
TP3: $63,500
The reason I am saying to keep this trade small is that some shorts are still trapped in the market. BTC can first make a quick move upward to liquidate them before coming down. So don’t enter with a huge position here.
Our bigger short order will be around the $67k resistance area, but only if BTC reaches there and gives us a proper rejection. That setup will be much cleaner than forcing a large trade at the current price.
Honestly, the market is still in a very indecisive phase. For now, we are simply trading from support to resistance and from resistance back toward support. This is not the right time to become extremely bullish or $BTC #USTreasuryYieldsRetreat #BitcoinRecoversFromAsianSessionLows
Entry: $65,200–$65,500
TP1: $64,850
TP2: $64,400
TP3: $63,500
The reason I am saying to keep this trade small is that some shorts are still trapped in the market. BTC can first make a quick move upward to liquidate them before coming down. So don’t enter with a huge position here.
Our bigger short order will be around the $67k resistance area, but only if BTC reaches there and gives us a proper rejection. That setup will be much cleaner than forcing a large trade at the current price.
Honestly, the market is still in a very indecisive phase. For now, we are simply trading from support to resistance and from resistance back toward support. This is not the right time to become extremely bullish or $BTC #USTreasuryYieldsRetreat #BitcoinRecoversFromAsianSessionLows