Current QVX reading: SHORT with moderate conviction.
📊 BTC at 63,444.01, below the 64,500 resistance. QVX suggests selling into any rally toward that level. Support sits at 63,238; a break below opens the next leg down.
Entry: SELL on a retest of 64,200–64,500, stop above 64,800. Target 63,200, then 62,500 if momentum holds.
USDC minting on Solana adds liquidity, but price action remains capped. Bullish news is not enough to flip the signal. I was stopped out earlier; waiting for the higher entry to re-establish shorts.
Risk: keep position size small until 63,238 is confirmed broken.
#QVX #BTC #TradingStrategy
📊 BTC at 63,444.01, below the 64,500 resistance. QVX suggests selling into any rally toward that level. Support sits at 63,238; a break below opens the next leg down.
Entry: SELL on a retest of 64,200–64,500, stop above 64,800. Target 63,200, then 62,500 if momentum holds.
USDC minting on Solana adds liquidity, but price action remains capped. Bullish news is not enough to flip the signal. I was stopped out earlier; waiting for the higher entry to re-establish shorts.
Risk: keep position size small until 63,238 is confirmed broken.
#QVX #BTC #TradingStrategy