🔥 BTC UPDATE 14/08 – PRIORITIZE SHORT, WAIT FOR A RETEST TO ENTER THE ORDER
M15 and M30 are currently seeing a technical rebound after BTC swept down to the 63.0–63.2K area, but this is only a short-term corrective bounce; it’s not enough to confirm a reversal yet. Meanwhile, H1 and especially H4 are still below the key MA lines; the price structure is still forming progressively lower highs, and selling pressure hasn’t truly been absorbed
Therefore, a safer strategy right now is not to FOMO Long at 63.5K, but to wait for BTC to rebound into the 63.7K–64.0K zone;
if price shows rejection signals and turns back on M15/M30, then this will be a great area to trigger a SHORT. 🎯
Reference Short zone: 63.7K–63.95K
On the other hand, if BTC closes an H1 candle above and holds 64.0–64.2K, then the Short scenario should be temporarily dismissed because the short-term structure may shift to a stronger rebound
@Binance Vietnam @Binance Square Official #BinanceP2PAnToan
M15 and M30 are currently seeing a technical rebound after BTC swept down to the 63.0–63.2K area, but this is only a short-term corrective bounce; it’s not enough to confirm a reversal yet. Meanwhile, H1 and especially H4 are still below the key MA lines; the price structure is still forming progressively lower highs, and selling pressure hasn’t truly been absorbed
Therefore, a safer strategy right now is not to FOMO Long at 63.5K, but to wait for BTC to rebound into the 63.7K–64.0K zone;
if price shows rejection signals and turns back on M15/M30, then this will be a great area to trigger a SHORT. 🎯
Reference Short zone: 63.7K–63.95K
On the other hand, if BTC closes an H1 candle above and holds 64.0–64.2K, then the Short scenario should be temporarily dismissed because the short-term structure may shift to a stronger rebound
@Binance Vietnam @Binance Square Official #BinanceP2PAnToan