BTC short position T1 profits of 1000 points, T2 cost defense



BTC opened with upper and lower shadow candlesticks in the morning, with a bearish body, and the daily chart shows two consecutive declines

Yesterday, it was mentioned that the market would undergo a brief consolidation and correction at 7.69, waiting for a signal; after breaking below, go short with the trend, take profit at T1 for 1000 points and exit, T2 continues to hold the position for cost defense

Reviewing the chart, BTC formed a double top at 7.93 and retraced, after a brief consolidation at 7.69, it continued to decline, touching 7.57 for a short-term minor rebound with low volume

7.69 changed from previous support to resistance, support levels swapped positions, playing a bridging role, offering opportunities for both bulls and bears

7.79 is the 0.618 retracement level of the high-to-low rebound, also resonating with resistance

Price-volume divergence indicates a lack of strength in the rebound; MACD is below the zero line, overall still bearish

Left-side setup to short at 7.69, add positions at 7.79, defend at 7.85, with targets near 7.59 and 7.45
BTC0.35%
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ipsu_11
ยท 3h ago
Paying close attention๐Ÿ”
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