$LAB Under the current pressure, BTC’s market structure is actually not that optimistic. Looking at the daily and 4-hour charts, the moving averages are all suppressing price from the bearish side. Every rebound gets pushed back halfway, which shows the overhead selling pressure is quite solid. On the 15-minute chart, ADX is close to 39, and seller strength is clearly dominant. In trading, the last thing we want is to mistake a rebound for a reversal.
At the current level, I’d rather wait for it to bounce into the supply zone before considering a short, rather than chasing longs. Unless it can strongly reclaim the key daily moving average, the structure remains tilted to the downside. How long do you think this rebound can hold?
🔴 Trading direction: Short
📍 Entry range: 0.0503773 – 0.0507987
🛑 Stop loss: 0.0548773
🎯 Take profit 1: 0.0473710
🎯 Take profit 2: 0.0452263
🎯 Take profit 3: 0.0420093
There’s no need to chase the trend; the trend will stop by itself.
Stand with Sister Li, and let every moment leave an echo.
#LAB
Click below to trade 👇
At the current level, I’d rather wait for it to bounce into the supply zone before considering a short, rather than chasing longs. Unless it can strongly reclaim the key daily moving average, the structure remains tilted to the downside. How long do you think this rebound can hold?
🔴 Trading direction: Short
📍 Entry range: 0.0503773 – 0.0507987
🛑 Stop loss: 0.0548773
🎯 Take profit 1: 0.0473710
🎯 Take profit 2: 0.0452263
🎯 Take profit 3: 0.0420093
There’s no need to chase the trend; the trend will stop by itself.
Stand with Sister Li, and let every moment leave an echo.
#LAB
Click below to trade 👇