Just saw the 4-hour structure light up with a short-term order, and the signal strength is fairly good. The 15-minute RSI is already down to 45.6, below the neutral line, and the daily trend is also slightly bearish. This doesn’t look like a dip-buying setup.



Entry: 64159.70-64244.50, stop loss: 64915.27

TP1 63667.22 for the first leg, TP2 63310.64 to hold the profit, TP3 62775.77—wait for the 4-hour structure to finish playing out.

Others are still calling for longs; I’m choosing to try a short at this 64.2k level. Don’t overextend your position—if the market turns, it’ll move fast.

$BTC
BTC-0.52%
View Original
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
  • 13
  • 3
  • Share
Comment
Add a comment
Add a comment
VolcanicMonolith
· 07-21 07:38
RSI is already at 45; the daily chart is bearish, but the 15-minute timeframe is oversold so a rebound could happen. You bet that the structure will play out; I bet on a rebound—let’s see who’s right.
View OriginalReply0
ValueWatcher
· 07-20 22:51
This spot is definitely a bit interesting for trying a short, but we still need to see whether the 4-hour structure can hold up—don’t rush to add to the position.
View OriginalReply0
OusdSleeper
· 07-20 21:14
Bro, your thinking is clear. You’re short 64.2k and going with the best order, but your stop-loss is set a bit too tight—I’m afraid you’ll get swept.
View OriginalReply0
CrossChainSpring
· 07-20 10:26
仓位控制是王道,这波要是真跌下去,TP3能吃到就爽了,但就怕突然拉起来。
Reply0
LimeMulti-Signature
· 07-20 09:11
If the 15-minute RSI falls below 40 again, the bears will be even more reliable—entering now is a bit too early.
View OriginalReply0
LightningRecycler
· 07-20 09:10
Daily chart is trending bearish, but the weekly chart is still holding up. Short positions are fine in the short term—just don’t get stuck in a long fight.
View OriginalReply0
StableSquared
· 07-20 09:00
The post author’s analysis is quite detailed, but I think we can wait for a four-hour close to confirm before entering. Going in now feels a bit like gambling.
View OriginalReply0
VolumeLighthouse
· 07-20 08:56
TP1 and TP2 are not far apart, and the take-profit settings are reasonable, but TP3 is a bit too far; it might not be reached.
View OriginalReply0
MacroScope
· 07-20 08:51
I got caught in a long position in this area last week. Now you’re flipping and shorting—should I cut it?
View OriginalReply0
AirdropScavenger
· 07-20 08:51
This stop-loss is only 270 points, and the risk-reward ratio looks good—but if it turns out to be a fake breakout, it’ll feel awful, like opening with a small position first-hand.
View OriginalReply0
View More
  • Pinned