#Gate Event Contract Trade Showcase Challenge
📉 BTCUSDT SHORT — STILL WAITING FOR CONFIRMATION
I took a SHORT position on BTCUSDT based on the 1H price structure, which still indicates bearish pressure.
BTC is currently around $79,000, with key levels:
🔴 Resistance: $80.865🟢 Support: $78.093🎯 TP1 Target: $76.535
🎯 TP1 Target: $72.527
Technically, the 1H MACD still shows bearish momentum, with DIF below DEA. However, I do not consider this a “safe” short position.
The key level is $78.093.
If BTC breaks and holds below $78.093, the chances of continuing lower toward $76.535 will increase.
Conversely, if BTC rises again and manages to reclaim $80.865, the short position needs to be watched closely as the potential for a short squeeze increases.
🌍 From a macro perspective, conditions also remain quite challenging for risk assets. Brent crude has broken above $100 again, while the market estimates around a 60% chance of a Fed rate hike next week.
📊 My Scenarios
Bearish:$78.093 broken → target $76.535
Sideways:BTC moves in the $78K–$80K
Bullish:Reclaim $80.865 → short begins to carry risk
🎯 Estimated chance of TP: around 55–60%, as long as BTC fails to reclaim resistance and a support breakdown occurs.
⚠️ This is a personal analysis based on the current technical structure and market conditions, not a guarantee of profit. Continue to use a stop loss and adjust leverage according to your individual risk.
Trading is not about always being right. What matters is keeping losses under control when you are wrong.
$BTC