📊 Summary of $BTC analysis (1W)
- The current Bitcoin price at 65033 shows a clear downtrend with dominant selling pressure after touching the supply zone near 82850.
- Setting up short is prioritized when the price appears to be manipulated above 74508 and then reverses down.
- Enter a short order in the area of 74000 to 75000 after the price turns around from the supply area.
- Wait for confirmation from the reduced pin bar or engulfing pattern on the lower frame before entering the order.
- The take profit levels in order are 60000 first and then 57800 and lower.
- Bias changes if the price breaks above 82850, the trend can reverse to increase.
Note that this is not investment advice only for education.
$BTC
- The current Bitcoin price at 65033 shows a clear downtrend with dominant selling pressure after touching the supply zone near 82850.
- Setting up short is prioritized when the price appears to be manipulated above 74508 and then reverses down.
- Enter a short order in the area of 74000 to 75000 after the price turns around from the supply area.
- Wait for confirmation from the reduced pin bar or engulfing pattern on the lower frame before entering the order.
- The take profit levels in order are 60000 first and then 57800 and lower.
- Bias changes if the price breaks above 82850, the trend can reverse to increase.
Note that this is not investment advice only for education.
$BTC