$BTC Signal】1H short as bearish volume breaks down, follow with short


$BTC On the 1H chart, three consecutive bearish candles show enlarged real bodies; the RSI drops to 27.67, an extreme oversold zone, but the rebound lacks strength. On the 4H chart, the lower rail of the Bollinger Bands temporarily holds near 61800. The MACD bearish histogram bars continue expanding, and selling pressure has not shown signs of exhaustion. The bid depth is less than 0.75, and the off-exchange limit orders are thin—bears control the momentum.

🎯Direction: short

⚡Entry / Limit Order: 61484.093 - 61669.100

🛑Stop Loss: 62285.791

🚀Target 1: 60744.064

🚀Target 2: 60281.545

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce the position by 50% and move the stop loss up to breakeven. If the price drops back to the entry level, it exits automatically to protect the principal.

Selling pressure keeps breaking through the 62000 psychological level. The 1H rebound highs are successively lower; the current standoff shows very weak willingness from the bulls to resist. A technical rebound may occur, but shorting with the trend offers a better profit-to-loss (risk-reward) ratio.

View real-time market 👇 $BTC
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#GT二季度销毁257万枚 #预测世界杯葡萄牙VS西班牙 #Vitalik公布精简以太坊路线图
BTC1.72%
GT0.29%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned