An open short was swept again, cutting my principal instead of giving me the chance to take a big meat win on a follow-up. This market really doesn’t leave much room, but it makes sense—after all, it finally rallied up to flush out the shorts. So the next step is preparing to liquidate the long side.
Right now it’s clear there aren’t enough long positions to serve as “fuel.” This is a classic price-action pattern to lure the long squad into the market!
Today, BTC pushed to a new high, but after spiking up it quickly pulled back. And ETH didn’t even reach its previous high—clearly a bull-trap move. So shorts can be taken boldly.
8.25 Short Setup Idea
BTC: short on the rebound at 79,500–80,000. Conservative traders enter at 80,500–81,000. Defense at 82,000. Targets: 78,500–78,000–77,500. If it breaks down, watch 77,000–76,500–76,000. Keep moving the stop-loss to protect profit depending on the situation!
ETH: short on the rebound at 2,500–2,530. Conservative traders enter at 2,560–2,580. Defense around 2,630. Targets: 2,470–2,450–2,430. If it breaks down, watch 2,400–2,370–2,350. Continue using a moving stop-loss to protect profit depending on the situation!
The market has seen many news items, but there’s no obvious major positive catalyst. Altcoin rallies haven’t kept up with the main market, so there’s no reason to keep chasing the upside. Only by shorting against the trend is there a chance to take a big meat win! #比特币受阻于81000美元50周均线
Right now it’s clear there aren’t enough long positions to serve as “fuel.” This is a classic price-action pattern to lure the long squad into the market!
Today, BTC pushed to a new high, but after spiking up it quickly pulled back. And ETH didn’t even reach its previous high—clearly a bull-trap move. So shorts can be taken boldly.
8.25 Short Setup Idea
BTC: short on the rebound at 79,500–80,000. Conservative traders enter at 80,500–81,000. Defense at 82,000. Targets: 78,500–78,000–77,500. If it breaks down, watch 77,000–76,500–76,000. Keep moving the stop-loss to protect profit depending on the situation!
ETH: short on the rebound at 2,500–2,530. Conservative traders enter at 2,560–2,580. Defense around 2,630. Targets: 2,470–2,450–2,430. If it breaks down, watch 2,400–2,370–2,350. Continue using a moving stop-loss to protect profit depending on the situation!
The market has seen many news items, but there’s no obvious major positive catalyst. Altcoin rallies haven’t kept up with the main market, so there’s no reason to keep chasing the upside. Only by shorting against the trend is there a chance to take a big meat win! #比特币受阻于81000美元50周均线
