The VELVET strategy I shared earlier has already taken profit from the previous move. The window is now open. Whether this bullish move at $BTC can be confirmed depends on how strongly buyers step in after a pullback. As you can see, both the daily and 4-hour charts are trading above the EMA50 and EMA200, so the broader trend is upward—that’s worth keeping in mind. The 15-minute ADX is at 42.5, with buyers still in control, suggesting the short-term rally isn’t over yet.
However, the 1-hour RSI has reached 75.2, which is indeed a little overheated, so chasing the price isn’t very worthwhile. I’d wait for the price to return near the support zone before considering a long position. The structure is firmer there, and it’s easier to place a stop-loss. Take profits at several levels above, don’t get greedy, and keep an eye on changes in volume as the trade unfolds.
🟢 Trade direction: Long
📍 Entry range: 83841.39 – 83916.77
🛑 Stop-loss: 83080.10
🎯 Take-profit 1: 84478.31
🎯 Take-profit 2: 84877.80
🎯 Take-profit 3: 85477.04
No need to chase the wind—the wind will settle in its own time.
Stand alongside Sister Li, and let every moment leave an echo.
#BTC
Click below to trade 👇
However, the 1-hour RSI has reached 75.2, which is indeed a little overheated, so chasing the price isn’t very worthwhile. I’d wait for the price to return near the support zone before considering a long position. The structure is firmer there, and it’s easier to place a stop-loss. Take profits at several levels above, don’t get greedy, and keep an eye on changes in volume as the trade unfolds.
🟢 Trade direction: Long
📍 Entry range: 83841.39 – 83916.77
🛑 Stop-loss: 83080.10
🎯 Take-profit 1: 84478.31
🎯 Take-profit 2: 84877.80
🎯 Take-profit 3: 85477.04
No need to chase the wind—the wind will settle in its own time.
Stand alongside Sister Li, and let every moment leave an echo.
#BTC
Click below to trade 👇