High-reward opportunities often arise when disagreement is at its greatest. That’s exactly the situation with $BTC right now: both the four-hour and one-hour charts are trending below the moving averages, and short-term momentum is clearly bearish. Yet the indicators are also deeply oversold, and bullish traders are starting to get restless. I actually see this kind of disagreement as a good place to go short—the moving averages are likely to push any rebound back down.
Let’s just test the waters with a small position; don’t go in too heavy. Bounces are common in oversold conditions, so make sure your stop-loss has enough room. Until the structure recovers, I’d favor looking for a pullback after a rebound rather than chasing a rally.
🔴 Trade direction: Short
📍 Entry range: 66823.83 – 66998.86
🛑 Stop-loss: 69265.66
🎯 Take-profit 1: 65145.62
🎯 Take-profit 2: 63968.46
🎯 Take-profit 3: 62202.72
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 resonate.
#BTC
Click below to trade 👇
Let’s just test the waters with a small position; don’t go in too heavy. Bounces are common in oversold conditions, so make sure your stop-loss has enough room. Until the structure recovers, I’d favor looking for a pullback after a rebound rather than chasing a rally.
🔴 Trade direction: Short
📍 Entry range: 66823.83 – 66998.86
🛑 Stop-loss: 69265.66
🎯 Take-profit 1: 65145.62
🎯 Take-profit 2: 63968.46
🎯 Take-profit 3: 62202.72
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 resonate.
#BTC
Click below to trade 👇