● Trading Strategy: Biased bearish, short on rebounds. ● Tactics: 1. Short Opportunity: If price rebounds to around 71,500 - 72,000 and encounters resistance (can combine with 1-hour chart to check resistance levels), try entering a short position with light volume. 2. Stop Loss: Set above 73,000 to prevent false breakouts. 3. Long Opportunity: Stay on the sidelines for now. If price breaks below 68,800, acceleration downward is likely; avoid blind bottom-fishing. If there's a clear long lower wick or bottom divergence signal near 68,800, can attempt to capitalize on short-term rebounds, but must enter and exit quickly. #btc
BTC Futures Recommendation:
● Trading Strategy: Biased bearish, short on rebounds.
● Tactics:
1. Short Opportunity: If price rebounds to around 71,500 - 72,000 and encounters resistance (can combine with 1-hour chart to check resistance levels), try entering a short position with light volume.
2. Stop Loss: Set above 73,000 to prevent false breakouts.
3. Long Opportunity: Stay on the sidelines for now. If price breaks below 68,800, acceleration downward is likely; avoid blind bottom-fishing. If there's a clear long lower wick or bottom divergence signal near 68,800, can attempt to capitalize on short-term rebounds, but must enter and exit quickly. #btc