$BZ At this decisive moment, I’m choosing to follow the trend rather than trade on emotion. BTC’s rebound has clearly lacked volume. On the four-hour chart, every push higher has been pushed back down, and the cluster of upper wicks shows that selling pressure is real. Key levels have been tested repeatedly, but price still can’t break above them and hold. This structure looks more like an opening for bears than the start of a reversal.
If support below gives way, the drop is often much faster than the climb. I’m inclined to follow the trend and look for a pullback. The more hesitant the rebound, the less confidence the bulls seem to have.
🔴 Trade direction: Short
📍 Entry range: 1034.4 – 105.04
🛑 Stop loss: 1055.4
🎯 Take profit 1: 102.04
🎯 Take profit 2: 101.04
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BZ
Click below to trade 👇
If support below gives way, the drop is often much faster than the climb. I’m inclined to follow the trend and look for a pullback. The more hesitant the rebound, the less confidence the bulls seem to have.
🔴 Trade direction: Short
📍 Entry range: 1034.4 – 105.04
🛑 Stop loss: 1055.4
🎯 Take profit 1: 102.04
🎯 Take profit 2: 101.04
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BZ
Click below to trade 👇