The BTC setup I just shared has played out, and we’ve successfully locked in profits on this trade. Looking calmly at the reverse direction, the new signals are more reliable. $BTC On the 1-hour chart, price is below both the EMA50 and EMA200, with the moving averages aligned bearishly. This is a clear signal from the market structure. The 15-minute ADX reading is elevated, indicating that sellers are driving this move—not a slow decline on fading volume.
The broader daily trend is still upward, so this is essentially a countertrend position, and the risk premium must be factored in. If volume fails to expand when price rebounds to the upper edge of the key range, that would confirm the bearish structure is continuing. I favor scaling out in stages: take half off at the first target, then move the stop on the remaining position close to breakeven and let the structure speak for itself.
🔴 Trade direction: Short
📍 Entry range: 81508.39 – 81673.28
🛑 Stop loss: 83452.84
🎯 Take profit 1: 80194.33
🎯 Take profit 2: 79263.32
🎯 Take profit 3: 77866.81
Behold the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BTC
Click below to trade 👇
The broader daily trend is still upward, so this is essentially a countertrend position, and the risk premium must be factored in. If volume fails to expand when price rebounds to the upper edge of the key range, that would confirm the bearish structure is continuing. I favor scaling out in stages: take half off at the first target, then move the stop on the remaining position close to breakeven and let the structure speak for itself.
🔴 Trade direction: Short
📍 Entry range: 81508.39 – 81673.28
🛑 Stop loss: 83452.84
🎯 Take profit 1: 80194.33
🎯 Take profit 2: 79263.32
🎯 Take profit 3: 77866.81
Behold the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BTC
Click below to trade 👇