At this pivotal moment, I’m taking a position based on hard evidence, not emotion. $BTC Both the 4-hour and hourly charts are below the moving average cluster. The bearish structure remains intact, and the rebound is merely correcting oversold conditions. Price is hugging the lower Bollinger Band, with no surge in volume to support the move—suggesting buyers are hesitant.
At this level, I’d favor following the trend and looking for a pullback rather than trying to call a bottom. The 4-hour RSI is already very low, so a rebound could happen at any time. For better risk management, keep positions small, scale in gradually, and take profits at your targets. The key is whether the moving average cluster can cap the rebound.
🔴 Trade direction: Short
📍 Entry range: 69693.43 – 69842.38
🛑 Stop loss: 71236.60
🎯 Take profit 1: 68666.39
🎯 Take profit 2: 67932.04
🎯 Take profit 3: 66830.52
Behold the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#BTC
Click below to trade 👇
At this level, I’d favor following the trend and looking for a pullback rather than trying to call a bottom. The 4-hour RSI is already very low, so a rebound could happen at any time. For better risk management, keep positions small, scale in gradually, and take profits at your targets. The key is whether the moving average cluster can cap the rebound.
🔴 Trade direction: Short
📍 Entry range: 69693.43 – 69842.38
🛑 Stop loss: 71236.60
🎯 Take profit 1: 68666.39
🎯 Take profit 2: 67932.04
🎯 Take profit 3: 66830.52
Behold the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#BTC
Click below to trade 👇