Bitcoin Daily Short Selling Strategy (4.29)


Bitcoin surged yesterday then pulled back, closing with a bearish candle; bullish momentum is exhausted, and short-term rebounds are all trap setups for bears. Today's core idea is to short on rallies; a rebound is an opportunity to open short positions. The weekly chart shows no-volume rebound, the daily chart has a bearish engulfing pattern, the 4-hour uptrend line has broken, indicating a bearish dominance, and after a false rally, a further decline is likely. $BTC $SOL $GT

Entry: Short in batches within the 76,600-76,500 range, adding to shorts if it hits 77,000-76,800 for a second time.
Stop-loss: Place above 77,000, strictly controlling risk.
Take-profit: First target at 75,800, if broken, watch for 75,000, and exit in batches once reached.
BTC0.34%
SOL0.72%
GT1.1%
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