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Bearish
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Structure unchanged. Still bearish.



BTC

Happy Monday! Keeping it brief. My view remains that the bearish trend will continue.

The 4hr structure pivot is 8.2. Until this level is reclaimed, another test and 7.5 remain in view.

For today, watch the resistance zone around 794 to the trendline near 805. If a bearish hr-level candle appears in this zone, a short position could be considered. Stop at 812.

Shorter-term (Chart 2). After a trendline breakdown, enter on the right side with a stop at 788. Then work down step by step: 77-762-75.

Objectively, as mentioned last week, support around 75 is very strong. For now, I’m leaning toward consolidation between 75 and the trendline.$BTC #美国中期选举进入最后冲刺
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HeyElwin
[Black swan? Where’s the support? Recharge your faith!]

Objective chart: The 75K area is strong support. 79.4K is current resistance.

Subjectively: Although I’ve been bearish for over a month and keep saying BTC could still drop to 60K in the bigger cycle, the 75K–76K range is objectively a major support zone. I don’t think it can break straight through.

Everyone’s scrolling through the news today, and it’s all bearish. Some are calling for 70K, others 60K. But do you remember yourself, back when BTC was above 80K, saying you’d enter if it came back to 78K?

Don’t panic! Respect the objective chart~

Trading advice:

If you’re short from above 80K, just move your stop to around 79.5K. You can continue reducing your position around 76K.

If it retests the 75K–76K area tonight and holds (with some volume), you can take a shot at a long, with your stop at 75K or the low of the wick at the time. Stop loss around 1,000 points; take profit above 2,000 points, with a final target around 79K. The risk/reward ratio is reasonable too. 【Only enter after a break below 75K and reclaim, or after a high-volume wick around 76K followed by consolidation! If it crashes straight through 75K, there’s no entry opportunity at all!】

Plan your trades, trade your plan!~
‍$BTC #BTC跌至7.7万美元
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L2SpaceRanger
an hour ago
The 794-805 range is indeed key; once an hourly-level signal appears, follow
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AirdropScavenger
an hour ago
The strategy drops Monday, with execution at full throttle
0View Original
PhishEmailCollector
an hour ago
Keep 7.5 as the expectation and manage your position well
0View Original
ThirdHalving
an hour ago
Follow the trendline breakdown, a classic right-side trading strategy
0View Original
BasisHunter
an hour ago
Volatility is expected to be significant with the midterm elections this week
0View Original
InterestArbSeeker
an hour ago
Figure 2’s short-term setup suits traders who monitor the market
0View Original
IchimokuPractitioner
2 hours ago
812 stop-loss; the risk-reward ratio works out okay
0View Original
ArtLeek
2 hours ago
Subjectively bearish, but respecting support at 75 and not being dogmatic
0View Original
VWAPBeliever
2 hours ago
Consolidation wears on; wait patiently for direction
0View Original
NetZeroHolder
2 hours ago
First Review
The 788 right-side stop-loss is set pretty tight; risk management is on point
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