The ETH strategy structure flagged last time played out as expected, and we successfully captured this move’s profits. Don’t let the spot market throw you off—the undercurrents are the real story. $BTC On the four-hour chart, price has repeatedly tested the top of the range, with volume weakening each time. This rebound looks more like it’s clearing the way for the bears. Overhead supply is clearly capping price; every push higher is quickly rejected, showing that buying support is fading. Structurally, the highs aren’t moving higher, while the lows are beginning to give way—this is a classic sign of fading momentum.
I don’t think this can reverse directly from here. The more hesitant the rebound, the greater the odds of a move lower afterward. If the key level gives way, it will open up room to the downside. The logic behind positioning short here is simply that price is unlikely to break higher. The rebound is a risk, but as long as the structure holds, I lean toward following the trend and looking for a pullback.
🔴 Trade direction: Short
📍 Entry range: 81989 – 83489
🛑 Stop loss: 83889
🎯 Take profit 1: 81489
🎯 Take profit 2: 80389
Behold the vastness of mountains and seas; observe the market’s subtle shifts.
Walk with Uncle Xiong and witness the gains and losses of the world.
#BTC
Click below to trade 👇
I don’t think this can reverse directly from here. The more hesitant the rebound, the greater the odds of a move lower afterward. If the key level gives way, it will open up room to the downside. The logic behind positioning short here is simply that price is unlikely to break higher. The rebound is a risk, but as long as the structure holds, I lean toward following the trend and looking for a pullback.
🔴 Trade direction: Short
📍 Entry range: 81989 – 83489
🛑 Stop loss: 83889
🎯 Take profit 1: 81489
🎯 Take profit 2: 80389
Behold the vastness of mountains and seas; observe the market’s subtle shifts.
Walk with Uncle Xiong and witness the gains and losses of the world.
#BTC
Click below to trade 👇