Bitcoin Intraday Trading Strategy



Current Trend:

1H rebound met with resistance, sideways to bearish

Trade direction: Short on rebound

Suggested entry price: 80,480

Suggested take profit prices:

TP1 80,180

TP2 79,850

Suggested stop loss price: 80,720

Trade rationale:

1H rebound still not strengthening

15M touching upper resistance

5M waiting for a rally to weaken

Early exit conditions:

5M volume breakout above 80,520

15M closing above 80,600

Rapid pullback to 80,180 after dropping to 80,180, then quick rebound to 80,320

Strategy order cancellation conditions:

Drop below 80,180 before trigger

Strong breakout above 80,600 on 15M

Pullback to 80,390 on 5M followed by continued rise

Profit and loss ratio:

TP1=1:1.25

TP2=1:2.63
BTC0.68%
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