$BTC Going short
【Coinbase premium drops to a one-month low, BTC pulls back】
According to data from the Coin World, Coinbase’s premium has fallen to the lowest level in the past month, indicating weaker U.S. demand. Investors are also facing setbacks from crypto legislation and prospects of tighter monetary policy. On Tuesday, data showed the premium was about -0.07%, equivalent to a thin profit of roughly $50 on Bitcoin at $75,900, suggesting that buying demand on U.S. exchanges is soft. Because the “Clear Act” was unable to pass, the premium deepened from -0.02% the day before to -0.07%. Bitcoin is currently down to around $75,000. The Federal Reserve is expected to raise rates by 25 basis points on Wednesday, further…
From a liquidity standpoint, once the news lands, uncertainty increases. In the short term, funds tend to take profits and stand by. BTC’s technicals have also shown a stagnation signal, and combined with disturbances in the news environment, the probability of a pullback rises.
This news puts some pressure on BTC. As market risk appetite falls, capital moves away from high-risk assets, and BTC faces near-term pressure to give back gains.
Entry: 76061-76979
Take profit: 75090
Stop loss: 78932
Looking at the moving average system, the 5-day moving average has already turned downward and is about to form a death cross with the 10-day moving average. A bearish configuration of short-term moving averages is currently forming. A break below the EMA20 is the confirmation signal. When that happens, adding to the position will be in time; for now, hold the base position.
From the 1-hour chart, price has been moving sideways for several candles around 76,520. If it can’t rise, that’s the strongest pressure signal. After such a sideways distribution, it’s often followed by a large bearish candle dropping. Don’t short later while waiting for the dump—you’ll be passive.
Let’s calculate: from 76,520 down to 75,090 there is roughly 1.9% room, and the first target is enough to take profit. If the market gives strong momentum and breaks below the first target, then hold the remaining position to aim for the second target. If you can’t, it’s not a loss anyway—because the first tier has already locked in the profit.
Some say stop loss is set for the main players. They watch your stop loss and sweep it. That has merit, but you shouldn’t take that to extremes. Place the stop loss at 78,932 above the dense resistance zone. For the main players to sweep that far, it would cost them a lot—too expensive—so it’s relatively safer.
🔴Click here to place an order 👉👉👉 $BTC
【Coinbase premium drops to a one-month low, BTC pulls back】
According to data from the Coin World, Coinbase’s premium has fallen to the lowest level in the past month, indicating weaker U.S. demand. Investors are also facing setbacks from crypto legislation and prospects of tighter monetary policy. On Tuesday, data showed the premium was about -0.07%, equivalent to a thin profit of roughly $50 on Bitcoin at $75,900, suggesting that buying demand on U.S. exchanges is soft. Because the “Clear Act” was unable to pass, the premium deepened from -0.02% the day before to -0.07%. Bitcoin is currently down to around $75,000. The Federal Reserve is expected to raise rates by 25 basis points on Wednesday, further…
From a liquidity standpoint, once the news lands, uncertainty increases. In the short term, funds tend to take profits and stand by. BTC’s technicals have also shown a stagnation signal, and combined with disturbances in the news environment, the probability of a pullback rises.
This news puts some pressure on BTC. As market risk appetite falls, capital moves away from high-risk assets, and BTC faces near-term pressure to give back gains.
Entry: 76061-76979
Take profit: 75090
Stop loss: 78932
Looking at the moving average system, the 5-day moving average has already turned downward and is about to form a death cross with the 10-day moving average. A bearish configuration of short-term moving averages is currently forming. A break below the EMA20 is the confirmation signal. When that happens, adding to the position will be in time; for now, hold the base position.
From the 1-hour chart, price has been moving sideways for several candles around 76,520. If it can’t rise, that’s the strongest pressure signal. After such a sideways distribution, it’s often followed by a large bearish candle dropping. Don’t short later while waiting for the dump—you’ll be passive.
Let’s calculate: from 76,520 down to 75,090 there is roughly 1.9% room, and the first target is enough to take profit. If the market gives strong momentum and breaks below the first target, then hold the remaining position to aim for the second target. If you can’t, it’s not a loss anyway—because the first tier has already locked in the profit.
Some say stop loss is set for the main players. They watch your stop loss and sweep it. That has merit, but you shouldn’t take that to extremes. Place the stop loss at 78,932 above the dense resistance zone. For the main players to sweep that far, it would cost them a lot—too expensive—so it’s relatively safer.
🔴Click here to place an order 👉👉👉 $BTC