I have taken profit on half of my BTC short from around 67,000.
Now the key level is 63,000.
If BTC breaks below 63,000 and the rebound fails to create a new Higher High, I may add back the position I closed.
My next downside target would be around 58,000.
But this is not a level I would assume must break.
BTC would be testing the 58,000 area for the third time, and repeated tests usually weaken support—but they do not guarantee a breakdown.
If 58,000 holds again, the market may be building a much larger weekly range between approximately 58,000 and 68,000.
That would mean neither bulls nor bears have full control.
My current plan:
I have already reduced risk by taking partial profit.
I will only add back if 63,000 breaks and the rebound confirms weakness.
If BTC reaches 58,000, I will watch the reaction rather than blindly holding for lower prices.
A strong recovery from that area could turn the market into a weekly range.
A weak bounce followed by another Lower High would keep the bearish scenario active.
The position is profitable now, but the next decision still depends on confirmation.
I am not trying to predict whether 58,000 will hold.
I am preparing for both outcomes.
#BTC #夏日创作营
Now the key level is 63,000.
If BTC breaks below 63,000 and the rebound fails to create a new Higher High, I may add back the position I closed.
My next downside target would be around 58,000.
But this is not a level I would assume must break.
BTC would be testing the 58,000 area for the third time, and repeated tests usually weaken support—but they do not guarantee a breakdown.
If 58,000 holds again, the market may be building a much larger weekly range between approximately 58,000 and 68,000.
That would mean neither bulls nor bears have full control.
My current plan:
I have already reduced risk by taking partial profit.
I will only add back if 63,000 breaks and the rebound confirms weakness.
If BTC reaches 58,000, I will watch the reaction rather than blindly holding for lower prices.
A strong recovery from that area could turn the market into a weekly range.
A weak bounce followed by another Lower High would keep the bearish scenario active.
The position is profitable now, but the next decision still depends on confirmation.
I am not trying to predict whether 58,000 will hold.
I am preparing for both outcomes.
#BTC #夏日创作营
