The anticipated increase hasn’t come, but the handout arrived first. At $BTC , I’m not planning to chase longs. Both the four-hour and hourly timeframes are below the moving averages, and the swing structure is clearly bearish. The rebound looks more like an entry window for bears. Price has repeatedly tested the dense overhead zone without a convincing pickup in volume, suggesting limited buying support and less resistance on the way down.
I’m watching for signs of a stalled rally after a rebound into the resistance band. If volume fails to pick up, the odds of continued downside are higher. As long as the key level holds, the short thesis remains intact.
🔴 Trade direction: Short
📍 Entry range: 74726.89 – 74875.58
🛑 Stop loss: 75965.22
🎯 Take profit 1: 73928.25
🎯 Take profit 2: 73346.26
🎯 Take profit 3: 72473.27
Behold the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BTC
Click below to trade 👇
I’m watching for signs of a stalled rally after a rebound into the resistance band. If volume fails to pick up, the odds of continued downside are higher. As long as the key level holds, the short thesis remains intact.
🔴 Trade direction: Short
📍 Entry range: 74726.89 – 74875.58
🛑 Stop loss: 75965.22
🎯 Take profit 1: 73928.25
🎯 Take profit 2: 73346.26
🎯 Take profit 3: 72473.27
Behold the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BTC
Click below to trade 👇