#### **Why Short?** 1. **Resistance Rejection:** - Price is struggling below MA(7) ($103,029) and the 24h high ($104,361). - A failed breakout here could trigger a pullback.
2. **Bearish Momentum:** - Current price is **-0.77%** in 24h, showing weakness. - Volume is declining, suggesting fading bullish interest.
3. **MACD & RSI (if available):** - If MACD shows bearish crossover or RSI is overbought (>70), strengthens the short case.
#### **Risk Management:** - **Risk-Reward Ratio:** ~1:2 (Stop Loss ~1.5%, TP1 ~1%, TP2 ~4.2%) - **Position Size:** Only risk 1-2% of capital per trade.
#### **Exit Strategy:** - If BTC breaks **above $104,400**, exit short (invalidates bearish setup). - If BTC drops to **$101,700**, consider partial profit-taking.
#### **Alternative Scenario (If Bullish Reversal):** - If BTC holds **$101,700** and bounces, consider a long with target **$104,400+**.
**Final Note:** This is a short-term trade; monitor price action closely. Would you like a scalping strategy (intraday) or more confirmation signals?
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According to Odaily, a new draft discussion on market structure from the U.S. House of Representatives aims to clarify the classification of digital commodity transactions. As reported by Forbes journalist Eleanor Terrett, the draft specifies on page 49 that transactions involving the sale of digital commodities do not constitute securities, provided they do not grant the purchaser ownership rights in the issuer's business, profits, or assets. In essence, buying and selling digital commodities on the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless the sale confers ownership or claims to the company's profits or assets.
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**š Big News! Binance Teams Up with Kyrgyzstan to Boost Crypto Growth!**
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**š Big News: Visa & Stripe to Launch Stablecoin-Linked Cards in Latin America!**
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