In my BTC analysis last week, I outlined the reasons behind my decision to enter short exit and detailed my expectations for a corrective move.
As projected, BTC broke below the $80,000 level. Although my initial downside target at $75,000 has not been fully met, I opted to manually close my short position to secure profits. Currently, I am monitoring price action for a potential re-entry on the short side.
From a structural standpoint, after establishing a local low around the $76,500 area, BTC has initiated a corrective bounce.
However, this recovery appears weak and corrective in nature — likely unfolding as a bear flag formation, albeit not perfectly defined.
My primary short re-entry zone is identified between $85,500 and $87,000, where I expect supply to emerge. As long as price remains capped below that zone, my bearish bias remains intact. I continue to anticipate a move to $75,000, with a potential extension toward the $72,000 technical support zone.
This bearish scenario would be invalidated in the event of sustained buying and consolidation above the $90,000 resistance level.
As projected, BTC broke below the $80,000 level. Although my initial downside target at $75,000 has not been fully met, I opted to manually close my short position to secure profits. Currently, I am monitoring price action for a potential re-entry on the short side.
From a structural standpoint, after establishing a local low around the $76,500 area, BTC has initiated a corrective bounce.
However, this recovery appears weak and corrective in nature — likely unfolding as a bear flag formation, albeit not perfectly defined.
My primary short re-entry zone is identified between $85,500 and $87,000, where I expect supply to emerge. As long as price remains capped below that zone, my bearish bias remains intact. I continue to anticipate a move to $75,000, with a potential extension toward the $72,000 technical support zone.
This bearish scenario would be invalidated in the event of sustained buying and consolidation above the $90,000 resistance level.
Dagangan aktif
BTC reversed from my sell zoneDagangan ditutup secara manual
Closed manually at 82800.Looks like 82 support holds
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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Penafian
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.