10.13 Bitcoin $BTC shorting strategy
If the rebound reaches the 82800–83000 range, go short directly.
After breaking down from around 83100, price plunged to a low of 80985—a drop of over 2,000 points without a pause. The Bollinger Bands have opened up and diverged sharply downward, with the bears firmly in control. This rebound is just a technical recovery after being oversold. Volume is failing to keep up, so the price won’t rise much before heading down again.
The 82800–83000 area above is under double resistance from the Bollinger middle band and the previous consolidation range. As price rebounds to this level, trapped holders and selling pressure will be released all at once, so it won’t be able to hold. Set a stop-loss above 83300 as protection. The initial take-profit target is 81500–81300; if the previous low breaks, price will continue probing lower. #Evernorth纳斯达克首日收跌1.05%
If the rebound reaches the 82800–83000 range, go short directly.
After breaking down from around 83100, price plunged to a low of 80985—a drop of over 2,000 points without a pause. The Bollinger Bands have opened up and diverged sharply downward, with the bears firmly in control. This rebound is just a technical recovery after being oversold. Volume is failing to keep up, so the price won’t rise much before heading down again.
The 82800–83000 area above is under double resistance from the Bollinger middle band and the previous consolidation range. As price rebounds to this level, trapped holders and selling pressure will be released all at once, so it won’t be able to hold. Set a stop-loss above 83300 as protection. The initial take-profit target is 81500–81300; if the previous low breaks, price will continue probing lower. #Evernorth纳斯达克首日收跌1.05%