$BTC short

【660 BTC transferred from an unknown wallet to Coinbase custody account】

According to data from CoinBBS: Whale Alert monitoring shows that 660 bitcoins (about $50.3066 million) were transferred from an unknown wallet to Coinbase custody account...
After the news lands, uncertainty increases; short-term BTC funds take profits, and the probability of a pullback rises.

Entry: 75160-76067
Take profit: 75097
Stop loss: 78107

On the 1-hour timeframe, a top divergence pattern has already formed. Price makes a new high but MACD does not—this is a typical bearish signal. After a top divergence, there is usually a pullback of 5–8 candlesticks. It has just started, so there is still room.

Looking at the 1-hour chart, price has been ranging around 75613 for several candles. If it can’t move up, that’s the strongest pressure signal. After this type of sideways distribution, it’s often followed by a big bearish candle. Don’t wait for the dump and then chase—otherwise you’ll be at a disadvantage.

This trade is defined as a "pullback short," not a "trend short." So take profit decisively: once it hits 75097, exit. Don’t hold it and turn it into a long-term position—that would be awkward. In a pullback market, you just eat the middle, leave the head and tail to others. Safety first.

From a technical perspective, 78107 is the key resistance level on the 4-hour timeframe. Once it breaks, it means the short-term trend has completely flipped bullish, and upside room will open. Therefore, this level is the dividing line between bulls and bears—if it breaks, you must leave with no hesitation.

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