Short position in BTC closed at +84.6%, for the previously mentioned reason. The asset shows a transition to an uptrend on the 5-minute TF. Which for us - potentially the initial signal for working off the potential low marks on a number of other, older, and more important TFs.
Current delivered low - 87,577$. And this is the case when you regret removing the pending order to close the trade. Let's remind that in the last nights we set this order at 87,720$. So we could have closed at the current low. In the end, we closed at 88,506.80$, significantly higher. The opening, let's remind, was at an average price of 91,075.25$. With two trades. And we will show separately a screenshot of the 3-hour TF to remind that this was quite a nerve-wracking position.
The downtrend on the 3-hour timeframe was beyond the level of potential breakdown, but in the end, the price impulsively went down and reached the second target.
Considering that on Sunday the price transitioned to stable downtrends on the 4-, 5-, 6-, and 7-hour timeframes (and now on all important timeframes #BTC is again in downtrends) and has not yet reached the nearest targets there - the working scenario for now is to wait for a bounce and see if we can open a repeat short with a stop loss moved to breakeven with a new decline. For now - we are waiting for growth, a bounce at least. Including signals from P73 CryptoMarket Monitor.
Why did we close the position with such an abundance of stable downtrends on Sunday? Because of the expectation of growth. We prefer to meet this bounce where the price can well reach the short entry level of $91,075.25, with a closed trade and a larger deposit. Rather than come to the start, break-even, after several days in the position.
The price does not necessarily start rising in the next few hours, even a lower low is not excluded. After all, the uptrend on the 5-minute timeframe is a signal with considerable error. However, there are still signals for a soon rise, and leaving the position unattended until morning is already clearly uncomfortable. We closed more profitably than we could during the day on a Strong signal of potential low on the hourly timeframe - that's already good.
SEPARATELY NOTE - with the closing of the weekly candle for BTC last week, the mark of potential low was established. This is a potential serious risk for shorts and a fundamental basis at least for a bounce. This is what makes one cautious about a new short in the future. The last time such marks appeared was in August-September 2023 and in the second half of March 2025. And both times after that, there was impressive growth.
But it is important to remember - this is only the first label out of three possible ones. Let's see how this week closes. If there is no label - it means there will be confirmation of a change in the structure of weekly candles to an upward trend. Overall, given all the risks of the start of a bear market, the situation is not so positive and promising. But - it is not hopeless for the bulls.
Confidently in local longs, as usual, we will not flip until we return to the uptrend on the 3-hour timeframe. And - in priority for longs now, let us remind you, is ETH, as it has shown strength, including on the ETH/BTC chart.
For now, we are not placing orders, alerts have been removed. We are resting. Good night to everyone!
