The HYPE strategy we discussed earlier paid off nicely this time. Those who kept up with the rhythm should be pretty pleased, right? Volatility is picking up, and this rebound around $BTC has more traps than opportunities. Don’t rush to be the one left holding the bag. On the four-hour chart, the moving averages are still bearishly aligned. Every time the price tries to edge higher, it gets pushed back, and volume hasn’t followed through. This kind of rebound looks more like an opening for the bears. RSI is hovering around 42, and sellers haven’t lost their momentum. We need to acknowledge this market structure.
The resistance zone above is firm, and the higher the rebound goes, the weaker it looks. My view is that following the trend and watching for a pullback makes more sense. Keep an eye on the support levels below one by one, and don’t let a single bullish candle sway your emotions.
🔴 Trade direction: Short
📍 Entry range: 74281.50 – 74380.15
🛑 Stop loss: 75418.77
🎯 Take profit 1: 73514.88
🎯 Take profit 2: 72970.90
🎯 Take profit 3: 72154.95
There’s no need to chase the prevailing winds; they’ll settle in their own time.
Stand shoulder to shoulder with Sister Li, and let every moment leave an echo.
#BTC
Click below to trade 👇
The resistance zone above is firm, and the higher the rebound goes, the weaker it looks. My view is that following the trend and watching for a pullback makes more sense. Keep an eye on the support levels below one by one, and don’t let a single bullish candle sway your emotions.
🔴 Trade direction: Short
📍 Entry range: 74281.50 – 74380.15
🛑 Stop loss: 75418.77
🎯 Take profit 1: 73514.88
🎯 Take profit 2: 72970.90
🎯 Take profit 3: 72154.95
There’s no need to chase the prevailing winds; they’ll settle in their own time.
Stand shoulder to shoulder with Sister Li, and let every moment leave an echo.
#BTC
Click below to trade 👇