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Gulfstream Notes
BTC plans to short on the short term. Entry idea: break out, then on the pullback, break again.
Currently, the 30-minute chart shows a breakout from the top range and has formed a rapid downward K-line trend. Price has touched support near 62,298 under the larger timeframe all the way, and then it rebounded.
First, the backdrop trend is a high-range breakdown, and there is potential for a reversal. Focus on structural support near 62,000. If this level breaks, the reversal signal will be even clearer.
Next, wait for the price to rebound to around 63,500 resistance to enter a short position, continuing the prior breakout-range move—doing the rebound and then breaking again after the breakout.
T1 target 62,500, keep a runner; initial stop loss can be set above 63,500. Move the stop loss downward. T2 target 61,500.
Plan to go long near 60,850.
$BTC