₿ BTC UPDATE — AUG 8
BTC is approaching a zone where shorting just because it “looks high” can get you wrecked. 👀
🔴 SCALP SHORT:
I wouldn’t short at market yet.
I want to see a clear rejection + loss of intraday support with volume.
If confirmed:
🎯 TP1: ~$64K
🎯 TP2: ~$63K
⚠️ Break & hold above ~$65.8K → SHORT INVALIDATED.
Potential short squeeze incoming. 🚀
🟢 SPOT:
No reason to panic sell here.
HOLD and wait for a pullback to add rather than chasing price.
📊 MY BIAS:
Short-term: 🟡 NEUTRAL → BEARISH
Spot: 🟢 HOLD / BUY THE DIP
This is exactly the kind of zone where shorting looks obvious…
…and obvious trades are usually the ones that hurt. 😈
#Write2Earn $BTC
BTC is approaching a zone where shorting just because it “looks high” can get you wrecked. 👀
🔴 SCALP SHORT:
I wouldn’t short at market yet.
I want to see a clear rejection + loss of intraday support with volume.
If confirmed:
🎯 TP1: ~$64K
🎯 TP2: ~$63K
⚠️ Break & hold above ~$65.8K → SHORT INVALIDATED.
Potential short squeeze incoming. 🚀
🟢 SPOT:
No reason to panic sell here.
HOLD and wait for a pullback to add rather than chasing price.
📊 MY BIAS:
Short-term: 🟡 NEUTRAL → BEARISH
Spot: 🟢 HOLD / BUY THE DIP
This is exactly the kind of zone where shorting looks obvious…
…and obvious trades are usually the ones that hurt. 😈
#Write2Earn $BTC