I’ve set a few long positions on the sidelines, betting that tonight the 76k won’t break down, and with the rate hike landing on the 17th, which turns the downside news into good news. After the bounce, I’ll go fully short!
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时光预言机i
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$BTC
Still maintaining my bearish view. Yesterday I shared my thoughts about the current market in the group—focus on 76K. This is the current watershed level.
The daily structure has not been broken. If 76K–77K holds, and if BTC shows a spike here → quickly retracts → and the 4-hour chart forms higher lows, then it means there is still buying support. Next, the key is to watch for a breakout of 79–80K. This morning, after another test of 76K, it held again—clearly the bulls are in a stronger position.
If there is an effective breakdown of 76K on the 4-hour timeframe, then you need to be careful. If the 4-hour candle body closes and keeps trading below 76K, then the current rebound structure will noticeably weaken. After that, I will be watching 74K.
I will look around 78.2K for another opportunity to short. If the price cannot break above 79K, then it will likely fall to 74K~! (74.8K)
Still maintaining my bearish view. Yesterday I shared my thoughts about the current market in the group—focus on 76K. This is the current watershed level.
The daily structure has not been broken. If 76K–77K holds, and if BTC shows a spike here → quickly retracts → and the 4-hour chart forms higher lows, then it means there is still buying support. Next, the key is to watch for a breakout of 79–80K. This morning, after another test of 76K, it held again—clearly the bulls are in a stronger position.
If there is an effective breakdown of 76K on the 4-hour timeframe, then you need to be careful. If the 4-hour candle body closes and keeps trading below 76K, then the current rebound structure will noticeably weaken. After that, I will be watching 74K.
I will look around 78.2K for another opportunity to short. If the price cannot break above 79K, then it will likely fall to 74K~! (74.8K)