$BTC Update Expected 📉
Trade Setup: Short Position $BTC
Given the current trend, a Short (Sell) trade aligns better with the momentum.
Entry Point: Look to enter between 77,570 – 77,700. (Wait for a slight "relief rally" to the MA 7 line if you want a tighter entry).
Leverage: Suggested 5x - 10x (Keep it low to manage risk).
Take Profit (TP) Targets:
TP 1: 77,250 (Short-term scalp)
TP 2: 76,960 (Previous 24h Low)
TP 3: 76,500 (Major psychological support)
Stop Loss (SL):
SL: 78,200 (This is placed above the recent local high and the MA 99 line. If the price breaks this, the bearish thesis is invalidated).
Avoid Longing now: Do not try to "catch the falling knife" (buying while it's dropping) until you see a clear green reversal candle with high volume that breaks above 77,900.
Risk Management: Never risk more than 1-3% of your total wallet balance on a single trade.
