BTC, 4-hour: I’d rather wait for a rebound to meet resistance before looking to short, rather than chase a short near 80,247.
The last completed 4-hour candle covered 12:00–16:00 Beijing time: it reached a high of 80,959.97 and closed at 80,672.83. The previous candle closed at 80,862.98. The rebound failed to continue, and the close actually moved lower. The current 16:00–20:00 candle is still forming.
My short plan: wait for a rebound into the 80,720–81,035 zone. If price enters the zone and then the 1-hour candle closes back below 80,720, I’ll consider a short. I’d place the stop at 81,100, with 80,088 as the first target and 79,221 as the next. If price doesn’t rebound into the zone, I won’t chase an entry.
The 80,720 level is based on the afternoon rebound high near 80,717.59, and 81,035 is based on the morning high near 81,033.69. These are levels to watch, not walls that guarantee a drop on a touch.
If a 4-hour candle closes above 81,035, I’ll abandon this weak-rebound thesis and wait for a new structure. If price has already fallen to 79,221 before a rebound signal appears, I’ll cancel this setup rather than keep waiting with stale levels.
Data as of October 25, 18:53 Beijing time; Binance BTCUSDT spot. The chart shows only closed candles.
$BTC #BTC price action
The last completed 4-hour candle covered 12:00–16:00 Beijing time: it reached a high of 80,959.97 and closed at 80,672.83. The previous candle closed at 80,862.98. The rebound failed to continue, and the close actually moved lower. The current 16:00–20:00 candle is still forming.
My short plan: wait for a rebound into the 80,720–81,035 zone. If price enters the zone and then the 1-hour candle closes back below 80,720, I’ll consider a short. I’d place the stop at 81,100, with 80,088 as the first target and 79,221 as the next. If price doesn’t rebound into the zone, I won’t chase an entry.
The 80,720 level is based on the afternoon rebound high near 80,717.59, and 81,035 is based on the morning high near 81,033.69. These are levels to watch, not walls that guarantee a drop on a touch.
If a 4-hour candle closes above 81,035, I’ll abandon this weak-rebound thesis and wait for a new structure. If price has already fallen to 79,221 before a rebound signal appears, I’ll cancel this setup rather than keep waiting with stale levels.
Data as of October 25, 18:53 Beijing time; Binance BTCUSDT spot. The chart shows only closed candles.
$BTC #BTC price action
