$BR This isn't a reversal; it's accumulation quietly speaking. BTC is trading below the moving averages on both the 4-hour and 1-hour charts. The bearish alignment remains intact, and each rebound has come on weaker volume, looking more like an opportunity to enter short positions than a trend reversal. Repeated tests of key levels have failed to reclaim them, which shows that selling pressure remains overhead. Given this structure, I’m inclined to follow the trend and look for a pullback.
The RSI has already reached relatively extreme levels within its range, so there may be a short-term bounce, but that won’t change the downward momentum. As long as price fails to decisively reclaim lost ground, the bearish outlook remains valid. A breakdown is what will truly open up more downside.
🔴 Trade direction: Short
📍 Entry range: 0.4876963 – 0.4911939
🛑 Stop loss: 0.5288745
🎯 Take profit 1: 0.4598731
🎯 Take profit 2: 0.4401585
🎯 Take profit 3: 0.4105864
There’s no need to chase the trend; it will come to you.
Stand alongside Sister Li, and let every moment leave an echo.
#BR
Click below to trade 👇
The RSI has already reached relatively extreme levels within its range, so there may be a short-term bounce, but that won’t change the downward momentum. As long as price fails to decisively reclaim lost ground, the bearish outlook remains valid. A breakdown is what will truly open up more downside.
🔴 Trade direction: Short
📍 Entry range: 0.4876963 – 0.4911939
🛑 Stop loss: 0.5288745
🎯 Take profit 1: 0.4598731
🎯 Take profit 2: 0.4401585
🎯 Take profit 3: 0.4105864
There’s no need to chase the trend; it will come to you.
Stand alongside Sister Li, and let every moment leave an echo.
#BR
Click below to trade 👇