7.24 BTC early-morning trading plan


When the price runs up to here, short-term chasing liquidity dries up. RSI is likely to move above 70 into overbought territory; longs lack strength, and shorts offer the best risk-reward. Don’t short at even lower levels because around 65,000 is a neutral consolidation zone between bulls and bears—downward momentum is insufficient, and shorting there has a poor profit-to-loss ratio.
Entry: 65,700~66,000
Stop: 66,550 (if it breaks through completely, abandon the short idea)
Scale-out/partial stops: cut half at 64,800; exit most positions at 64,200; fully close at 63,700.
If the market rebounds slightly and only stalls around 65,300, it’s a sign of weakness under pressure. You can try a very small-position short with a strict stop-loss at 65,700. Take profit only at 64,800—make a little and leave, don’t hold for a long-term drop.
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DCAPro
· 21h ago
The idea is very clear—shorting in the overbought zone does have a good cost-effectiveness. But you must set the stop-loss properly; otherwise, once it breaks above 66,550, it will fully reverse the move.
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AirdropDreamsInAGlassBottle
· 23h ago
Short strategies are good—once it hits the mark, go in.
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