Opportunities to make easy money are often hidden in contrarian sentiment. $BTC The moving-average structures on both the 4-hour and 1-hour charts are trending downward, and the bearish alignment remains intact. A rebound toward the previous consolidation zone is an opportunity to enter short. Volume hasn’t followed through, suggesting limited buying support.
The moving averages above are turning downward and creating resistance. With this structure, I’m inclined to follow the trend and look for a pullback rather than try to pick a bottom. The closer the rebound gets to the resistance zone, the more favorable the risk-reward ratio.
🔴 Trade direction: Short
📍 Entry range: 75897.14 – 75976.21
🛑 Stop loss: 77051.29
🎯 Take profit 1: 75100.72
🎯 Take profit 2: 74543.42
🎯 Take profit 3: 73707.46
Take in 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 moving averages above are turning downward and creating resistance. With this structure, I’m inclined to follow the trend and look for a pullback rather than try to pick a bottom. The closer the rebound gets to the resistance zone, the more favorable the risk-reward ratio.
🔴 Trade direction: Short
📍 Entry range: 75897.14 – 75976.21
🛑 Stop loss: 77051.29
🎯 Take profit 1: 75100.72
🎯 Take profit 2: 74543.42
🎯 Take profit 3: 73707.46
Take in 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 👇