$BTC Face the trend line once again; this is where decisions are made.
Trading plan: Short $BTC Entry: 68000 – 69000 Stop loss: 71200 Take profit 1: 66200 Take profit 2: 64000 Take profit 3: 61500 The price is pressing against the descending trend line that has been a consistent resistance structure. The upward momentum appears more like a corrective squeeze rather than a true expansion, as its contact with supply is weakening. Each rebound is sold more quickly, and the follow-through beyond resistance is unconvincing. If the trend line holds again, a rapid pullback should occur, as late trapped bulls will be forced to exit. Trade #Gate广场发帖领五万美金红包 $BTC
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$BTC Face the trend line once again; this is where decisions are made.
Trading plan: Short $BTC
Entry: 68000 – 69000
Stop loss: 71200
Take profit 1: 66200
Take profit 2: 64000
Take profit 3: 61500
The price is pressing against the descending trend line that has been a consistent resistance structure. The upward momentum appears more like a corrective squeeze rather than a true expansion, as its contact with supply is weakening. Each rebound is sold more quickly, and the follow-through beyond resistance is unconvincing. If the trend line holds again, a rapid pullback should occur, as late trapped bulls will be forced to exit.
Trade #Gate广场发帖领五万美金红包 $BTC