10.22 Bitcoin $BTC Shorting Strategy
After turning down from the high of 84,875, Bitcoin plunged in a long, high-volume bearish candle, losing nearly 2,000 points in just a few hours. The Bollinger Bands shifted from flat to widening and turned downward, as bearish momentum was released all at once. The previous rebound came to an end, and the market returned to a weak downward trend.
If the price rebounds to the 83,600–83,800 range, enter a short position directly. This area combines resistance at the Bollinger middle band with resistance from the previous consolidation range. Overhead holders and short-term selling pressure are likely to emerge in force here, making a decisive breakout unlikely. Set a stop-loss above 84,300 as a precaution. The take-profit target is 82,500–82,300. A decisive break below support would open the door to a deeper decline. #股票财报季
After turning down from the high of 84,875, Bitcoin plunged in a long, high-volume bearish candle, losing nearly 2,000 points in just a few hours. The Bollinger Bands shifted from flat to widening and turned downward, as bearish momentum was released all at once. The previous rebound came to an end, and the market returned to a weak downward trend.
If the price rebounds to the 83,600–83,800 range, enter a short position directly. This area combines resistance at the Bollinger middle band with resistance from the previous consolidation range. Overhead holders and short-term selling pressure are likely to emerge in force here, making a decisive breakout unlikely. Set a stop-loss above 84,300 as a precaution. The take-profit target is 82,500–82,300. A decisive break below support would open the door to a deeper decline. #股票财报季