$BTC
BTC reversed its post-election gains and is now consolidating just above the 75,000 support after a sharp liquidation-driven drop. I'm looking to sell a bounce into the broken-support zone instead of shorting the low.
Entry: 76,500 – 77,000 (on retest)
Stop-loss: 77,600
- TP1: 75,300
- TP2: 74,500
- TP3: 73,300
Reason: Sharp breakdown from 80,800, price below the 9-period MA, and the 76,100–76,900 zone (100-day and 20-day averages) should act as resistance. A 1H close above 77,600 invalidates the setup.
📰 News: Bitcoin fell from above $80,800 to near $76,000 as a sharp selloff in chip and AI stocks spread into crypto and wiped out leveraged longs. BTC hit $75,208, its lowest since September 16, and traders are watching Friday's US jobs report, inflation data on November 10 and the Fed decision on December 9. Expect extreme volatility around the jobs report, so keep size small.
⚠️ Small size, low leverage.
Personal view, not financial advice. DYOR.
#BTC #bitcoin #Binance #crypto #futures
BTC reversed its post-election gains and is now consolidating just above the 75,000 support after a sharp liquidation-driven drop. I'm looking to sell a bounce into the broken-support zone instead of shorting the low.
Entry: 76,500 – 77,000 (on retest)
Stop-loss: 77,600
- TP1: 75,300
- TP2: 74,500
- TP3: 73,300
Reason: Sharp breakdown from 80,800, price below the 9-period MA, and the 76,100–76,900 zone (100-day and 20-day averages) should act as resistance. A 1H close above 77,600 invalidates the setup.
📰 News: Bitcoin fell from above $80,800 to near $76,000 as a sharp selloff in chip and AI stocks spread into crypto and wiped out leveraged longs. BTC hit $75,208, its lowest since September 16, and traders are watching Friday's US jobs report, inflation data on November 10 and the Fed decision on December 9. Expect extreme volatility around the jobs report, so keep size small.
⚠️ Small size, low leverage.
Personal view, not financial advice. DYOR.
#BTC #bitcoin #Binance #crypto #futures
