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
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.