BTC Price Below the Moving Averages
The daily chart is still below the moving averages
It plunged from 84898 to 73510
Down 13% already
The rebound hasn't reclaimed that level
This area on the 4-hour chart isn't clean either
It pushed above 75400โ75600 three times
Reaching 75599, 75568, and 75397
But couldn't hold above it
Short $BTC
Entry: 75300โ75600
Place a limit order and wait for a rebound
Don't chase the current price
If you're holding spot, reduce your position firstโdon't go long
Set a stop loss at 76450; exit if it closes above that level
Target: 73510
Next target down: 72000
Don't use too much leverage
Just my personal opinion. DYOR
$BTC
The daily chart is still below the moving averages
It plunged from 84898 to 73510
Down 13% already
The rebound hasn't reclaimed that level
This area on the 4-hour chart isn't clean either
It pushed above 75400โ75600 three times
Reaching 75599, 75568, and 75397
But couldn't hold above it
Short $BTC
Entry: 75300โ75600
Place a limit order and wait for a rebound
Don't chase the current price
If you're holding spot, reduce your position firstโdon't go long
Set a stop loss at 76450; exit if it closes above that level
Target: 73510
Next target down: 72000
Don't use too much leverage
Just my personal opinion. DYOR
$BTC
