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$EDGEX long position was a bit of a grind. A dip in the middle swept out quite a few late short entries, coming just a few points from my protective level. I didn’t manually cut the position at the time because the four-hour structure had not broken down.
I entered based on a double bottom on the hourly chart. After the right-side breakout, the price pulled back to the prior high neckline and stabilized. I went long after confirmation. The entry wasn’t particularly cheap, but the stop-loss was very close, making it a trade of limited risk for potential trend continuation.
After the price rallied into the target zone, I managed the position twice: first, I closed 70% and locked in the floating profit; for the remaining 30%, I raised the protective level above the entry price to let the profits run. I didn’t close the entire position because I wanted to let the trend complete its move.
Now only the final 30% remains, with the trailing level set above the entry price. As long as the four-hour close does not break below this line, I will continue holding; if the close falls back below the starting point of the rally, the trade thesis is invalidated, and the remaining position will be closed immediately.
$BTC $ZEC
Rhyzsss
2026-09-08 21:59
BTC was last around $78.3K, down about 1% after failing to hold the $80K area. BTC previously reached $82.164, so it is now undergoing a retracement. �
Barron's +1
🔑 Key levels today
🟢 Support: $78.0K–$78.3K
🟢 Strong support: $76.8K
🔻 Next support: $74K
🔴 Resistance: $80K
🚀 Strong resistance: $82.0K–$82.2K
🔮 Scenarios
🟢 Bullish — 30%
If BTC returns above $80K and manages to hold → target $82K, then $85K.
🟡 Sideways — 45%
BTC moves between $77K–$80K while awaiting US inflation data. This is the scenario I see as most likely today.
🔴 Bearish — 25%
If $76.8K breaks, a correction toward $74K could unfold.
⚠️ Biggest catalyst
US CPI is released Friday, September 11, while the market currently estimates a roughly 57–60% chance of a Fed rate hike. Higher-than-expected inflation data could pressure BTC; conversely, lower CPI could serve as a bullish catalyst.$BTC