$BTC tapped our short-POI and shows a pullback.



If you took the short, I suggest you take some profits of the table and go BE.

For potential trades today I'm looking at a few scenario's here.

I'm bearish overall and we got a nice reaction from the POI I was talking about for a week now.

But does that mean the 68.1K high is off the table as a target? No, so that's why going BE + take profit here is proper risk management.

The sweep of 68.1K would be the best case for shorts, so I'm willing to long the reaction after the sweep of the 65K lows.

So basically the plan comes down to this: letting the current short run with a potential hedge-long after the sweep of 65K lows.

If we go up from here the first short will be stopped in little profits and I'll look for another entry after the sweep op 68.1K.

If we dump aggressively and get no reaction in the sub. 65K area, I'll simply let the short run for the rest of the day.

If you have a system around scalping you could look for an aggressive continuation-short after losing the 65K area.

Overall good volatility this week.
BTC-1.17%
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SafeSloth
· 2h ago
Nice—this strategy is suitable for high-volatility markets. Personally, I think you can short first and then go long, using hedging to lock in profits, and then switch to one side once the direction becomes clear.
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FloorSweeper
· 5h ago
This analysis is very detailed, but I think the 68.1K level definitely needs to be defended; reducing short positions and locking in profits is steady and safe.
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YieldPuzzler
· 5h ago
The POI you mentioned, I saw it last week too—it is indeed effective. But if the overall outlook is bearish, I think when it rebounds to around 68K, we can take a short position.
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NFTMinimalist
· 5h ago
Risk management has been done well—taking partial profits on BE is the way to survive. But with volatility so high right now, wouldn’t running two short-term trades be even better?
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DiscordTrapWatcher
· 5h ago
Haha, it’s pretty much in line with what I predicted, but I’m planning to hold my short positions and only add more after it breaks 65K—I’m betting big.
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FloatToFixed
· 5h ago
Bro, your thinking is clear, but is it too risky to sweep the 65K low and then go long on the dip? What if it just cascades down?
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