$BTC short setup
Price is sitting at 68,540 after the sharp drop. It’s trading well below the EMA7 (69,682), EMA25 (71,395) and EMA99 (73,414). Momentum is still down and we just tested the 68,300 area.
Entry zone: 68,800–69,400 (any weak bounce into the EMA7)
Target 1: 68,300
Target 2: 67,500
Target 3: 66,500
Stop: above 69,800
Only taking it if price fails to reclaim 69,700–70,000 with strength. If it holds 68,300 and starts pushing hard I’ll stay out. Size small, this is still volatile. $BTC #WhatWillDriveCryptoandStocks’NextRebound?
Price is sitting at 68,540 after the sharp drop. It’s trading well below the EMA7 (69,682), EMA25 (71,395) and EMA99 (73,414). Momentum is still down and we just tested the 68,300 area.
Entry zone: 68,800–69,400 (any weak bounce into the EMA7)
Target 1: 68,300
Target 2: 67,500
Target 3: 66,500
Stop: above 69,800
Only taking it if price fails to reclaim 69,700–70,000 with strength. If it holds 68,300 and starts pushing hard I’ll stay out. Size small, this is still volatile. $BTC #WhatWillDriveCryptoandStocks’NextRebound?
