$BTC #BTC A change is imminent! Is this a fakeout or a real breakout?



Strategy 1️⃣: Buy on dip
● Logic: The current decline is seen as a normal retest after the failed breakout above 63,500.
● Entry: Wait for price to drop to the 62,100 - 62,400 range and accumulate longs in batches.
● Stop loss: Below 61,600
● Take profit: First target 63,400
Second target 64,500.

Strategy 2️⃣: Breakout chase
● Logic: If the market suddenly surges with high volume and holds above 63,500, it indicates the main force intends to break the neckline directly and start a new rally.
● Entry: Enter when the 1-hour candle closes and holds above 63,550.
● Stop loss: Falls back below 63,000.
● Take profit: Target 64,700 - 65,000.

Strategy 3️⃣: Short the bounce
● Entry: Light short when price rebounds to 63,200 - 63,300 and meets resistance.
● Stop loss: Break above 63,600.
● Take profit: Target around 62,500 and exit.
BTC-0.04%
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MirrorBallPeeking
· 07-10 03:47
Strategy 1's retracement limit orders are set, just waiting for the wick to fill.
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ProtocolPaladin
· 07-10 02:38
A break above 63.5k and chasing longs makes sense—I get the logic—but you have to see whether the volume can back it up. A volume-less surge is just a scam.
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MildRugAllergy
· 07-10 01:56
The stop loss for that short was set too narrow; it got hit with some oscillation around 63500. Better to wait and see.
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