$BTC TRADE back to profits 😉
I strongly recommend you cut atleast 30-40% at TP1/ tp2.
⚠️ Just tap the coin name or icon in the post, and you’ll go straight to the trading page to start trading!⚠️
Zverejniť
--Pesimistický
Crypto Sat
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Pesimistický💰 $BTC Breakdown Trading Strategy
🔽 SHORT
✳️ ENTRY: 64300, 64800, 65200
🎯 TARGETS: 63,800, 63,000, 62,000, 61,000, 60,000, 59,000, 58,000
🀄️ LEVERAGE: 50x
🔴 STOPLOSS: 65500
⚠️ Just tap the coin name or icon in the post, and you’ll go straight to the trading page to start trading!⚠️
#Bitcoin is approaching a major resistance zone near the upper Bollinger Band, where previous rallies have struggled to sustain momentum. Price has recovered strongly from the 59K region, but the current move is beginning to look stretched after several consecutive bullish candles.
The MACD remains bullish, with the signal line above zero and positive histogram bars still present. However, momentum expansion is slowing compared to earlier in the rally, suggesting buyers may be losing some strength as price approaches resistance.
RSI(7) is already near the overbought region while RSI(14) and RSI(21) continue trending higher. This confirms bullish momentum but also increases the probability of a short-term correction or consolidation before another major move.
The key level to watch is the 64.3K–64.5K resistance area, which aligns closely with the upper Bollinger Band. Failure to break and hold above this zone could trigger profit-taking and a move back toward the middle Bollinger Band around the 62.5K region.
This setup is a counter-trend short, so patience is important. Ideally, wait for rejection confirmation before entering aggressively. A clean break above resistance would invalidate the bearish idea and favor continuation toward higher levels.
As long as sellers defend the current resistance zone, a retracement toward the lower targets remains possible. 🐻
🔽 SHORT
✳️ ENTRY: 64300, 64800, 65200
🎯 TARGETS: 63,800, 63,000, 62,000, 61,000, 60,000, 59,000, 58,000
🀄️ LEVERAGE: 50x
🔴 STOPLOSS: 65500
⚠️ Just tap the coin name or icon in the post, and you’ll go straight to the trading page to start trading!⚠️
#Bitcoin is approaching a major resistance zone near the upper Bollinger Band, where previous rallies have struggled to sustain momentum. Price has recovered strongly from the 59K region, but the current move is beginning to look stretched after several consecutive bullish candles.
The MACD remains bullish, with the signal line above zero and positive histogram bars still present. However, momentum expansion is slowing compared to earlier in the rally, suggesting buyers may be losing some strength as price approaches resistance.
RSI(7) is already near the overbought region while RSI(14) and RSI(21) continue trending higher. This confirms bullish momentum but also increases the probability of a short-term correction or consolidation before another major move.
The key level to watch is the 64.3K–64.5K resistance area, which aligns closely with the upper Bollinger Band. Failure to break and hold above this zone could trigger profit-taking and a move back toward the middle Bollinger Band around the 62.5K region.
This setup is a counter-trend short, so patience is important. Ideally, wait for rejection confirmation before entering aggressively. A clean break above resistance would invalidate the bearish idea and favor continuation toward higher levels.
As long as sellers defend the current resistance zone, a retracement toward the lower targets remains possible. 🐻
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