$BTC Face the trend line once again; this is where decisions are made.


Trading plan: Short $BTC
Entry: 68000 – 69000
Stop loss: 71200
Take profit 1: 66200
Take profit 2: 64000
Take profit 3: 61500
The price is pressing against the descending trend line that has been a consistent resistance structure. The upward momentum appears more like a corrective squeeze rather than a true expansion, as its contact with supply is weakening. Each rebound is sold more quickly, and the follow-through beyond resistance is unconvincing. If the trend line holds again, a rapid pullback should occur, as late trapped bulls will be forced to exit.
Trade #Gate广场发帖领五万美金红包 $BTC
BTC-1.37%
View Original
post-image
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
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)