$BTC Lao Chen’s today’s Bing thoughts

Current price 60155. Intraday range 58294–61320. When it spikes up to 61322, it meets resistance and falls back. The sell pressure at the high level is heavy. In the short term, rebounds lack momentum and are unlikely to break the previous high. The long-term trend remains bearish. In the short term, only use small-lot buys near support for low-risk arbitrage—don’t chase longs.
Resistance tiers
61200–61322: Strong resistance. Intraday spike high and top zone; a tightly packed trapped-share area. When the rebound touches this level, open a short directly. Stop-loss 61450. Targets: 60800, then 60300, then 59800.
60800–61000: Secondary pressure. The first resistance after a rebound. Try a short with a light position. Stop-loss 61150. Target 60400–60100.
Short-term dip-buy zone—only small lots, quick in and quick out
59700–5990: The first support. If it pulls back and stabilizes, you may take a small long. Stop-loss 59500. Targets: 60400–60800.
58294–58600: Strong support floor. Intraday low zone; the extreme dip-buy area. Stop-loss 58000. If it rebounds, look toward the 60000 level. If it breaks down, abandon the long setup immediately and follow the trend to open shorts.
Full execution strategy
Main idea: Prefer selling short on rebounds to the upside. All long positions are strictly limited to short-term arbitrage only—never hold longs for the long term. On the larger time frame, downside room is still open. Every time it pushes higher, that’s an opportunity to short.
For short-term longs: take profit when you get it—don’t hold for a bigger picture.
#GateStocksTransferLive