$BTC Recently, Bitcoin has repeatedly surged to the top and then fallen back. The highest point reached 78,300. 76,000 was a false breakout, followed by a quick retreat with no volume, no follow-up positions, and the futures premium disappeared. This is a typical "trap to lure in buyers before dumping."


Over the weekend, it moved sideways with low volume, sentiment was bearish, and leveraged positions remained. Once Monday's volume increases and it breaks below 73,200, it will trigger: a large number of stop-loss orders hitting the market, quantitative/trend systems turning bearish, and a prediction that a drop on Monday → continued decline over the next few days.
Bearish strategy; try a small short position around the current price of 74,000, add to the short if it breaks below 73,200, with a stop-loss above 76,000 (76500), and take profits in stages at 70,000, 68,000, and 65,000.
A word of advice: currently, spot traders and bottom-fishing enthusiasts should completely stop, avoid bottom-fishing now, and consider gradually entering in the 65,000–67,000 range. Entering now is like "catching a flying knife."
BTC1,67%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin