The NEAR strategy setup shared earlier has played out, and we’ve successfully locked in the profits from this round. Beneath the surface, $BTC I’d rather give up a little to get confirmation. On the four-hour chart, price has repeatedly formed lower wicks above key support, as selling pressure is gradually absorbed. Volume hasn’t picked up, but it hasn’t continued to shrink either—a structure that often signals waning bearish momentum.
Several short-term moving averages overhead are starting to flatten. As long as price can hold above them on increased volume, there’s room for a rebound. I’d look to build long positions in stages on a pullback, using a stop-loss to cap downside risk and then watching whether price can clear the next few resistance levels. The risk is that volume may continue to lag—in that case, reduce the position first and reassess.
🟢 Trade direction: Long
📍 Entry range: 81620 – 82420
🛑 Stop loss: 80620
🎯 Take profit 1: 83021
🎯 Take profit 2: 83621
🎯 Take profit 3: 84221
🎯 Take profit 4: 84821
Take in the vastness of mountains and seas; observe the market’s smallest shifts.
Join Uncle Xiong on the journey, and witness the gains and losses of the world.
#BTC
Click below to trade 👇
Several short-term moving averages overhead are starting to flatten. As long as price can hold above them on increased volume, there’s room for a rebound. I’d look to build long positions in stages on a pullback, using a stop-loss to cap downside risk and then watching whether price can clear the next few resistance levels. The risk is that volume may continue to lag—in that case, reduce the position first and reassess.
🟢 Trade direction: Long
📍 Entry range: 81620 – 82420
🛑 Stop loss: 80620
🎯 Take profit 1: 83021
🎯 Take profit 2: 83621
🎯 Take profit 3: 84221
🎯 Take profit 4: 84821
Take in the vastness of mountains and seas; observe the market’s smallest shifts.
Join Uncle Xiong on the journey, and witness the gains and losses of the world.
#BTC
Click below to trade 👇