$BTC 1H closed at 76,880 on increased volume, about 420 points below the 77,300 moving average (hourly ATR about 388). The two consecutive bullish candles during the early hours were engulfed by one large bearish candle. Next downside targets: 76,350/76,270.
Conservative: Light short on a rebound that fails to break 77,300; stop at 77,600.
Aggressive: Light short with the trend at 76,850; stop at 77,300 (0.001 contracts ≈ 77U, about 4U at 20X).
Invalidation: If the 1H candle closes back above 77,300, the pullback thesis is invalidated; watch 78,040.
#BTC#Market Analysis
Conservative: Light short on a rebound that fails to break 77,300; stop at 77,600.
Aggressive: Light short with the trend at 76,850; stop at 77,300 (0.001 contracts ≈ 77U, about 4U at 20X).
Invalidation: If the 1H candle closes back above 77,300, the pullback thesis is invalidated; watch 78,040.
#BTC#Market Analysis