#BTC 10.8 Short-Term Trading Playbook
Asset: BTC
Recommended entry: Short around 82,500 (5 layers); add around 83,200 (3 layers), keeping the average entry near 82,700
Target: Take profit on part of the position at 81,200; if support breaks, look for 79,800
Reasoning: Today’s price was driven down from 84,300 to 82,150. It’s down 1.9% over 24 hours, all moving averages are aligned bearishly, and the MA7 is capping price at 82,600. The funding rate is just 0.0001% (0.14% annualized), so shorts have almost no carrying cost while longs aren’t overly crowded. This kind of market is especially prone to a slow grind downward.
82,150 was today’s wick low. Whales accumulated a batch there, and price held on the first test. If a rebound above 83,000 fails to hold, it will just provide more fuel for the bears.
Asset: BTC
Recommended entry: Short around 82,500 (5 layers); add around 83,200 (3 layers), keeping the average entry near 82,700
Target: Take profit on part of the position at 81,200; if support breaks, look for 79,800
Reasoning: Today’s price was driven down from 84,300 to 82,150. It’s down 1.9% over 24 hours, all moving averages are aligned bearishly, and the MA7 is capping price at 82,600. The funding rate is just 0.0001% (0.14% annualized), so shorts have almost no carrying cost while longs aren’t overly crowded. This kind of market is especially prone to a slow grind downward.
82,150 was today’s wick low. Whales accumulated a batch there, and price held on the first test. If a rebound above 83,000 fails to hold, it will just provide more fuel for the bears.