Is it a small correction or a bearish continuation? Close your eyes and short below 64,800!

Brothers, this rebound in Bitcoin is a classic "dead cat bounce."

From the market data, this pullback just barely hit the Fibonacci 0.5 level (64,782) and couldn't go higher. The selling pressure around 67,000 is no joke. The 1-hour moving averages are in a bearish alignment, and this rally is just fueling the short positions.

My short position is already in the car:

· Entry average price: 63,937.4
· Current unrealized loss: -0.17 U (nearly negligible)
· Liquidation price: 66,746.2 (enough safety margin)

The strategy is simple: in the 64,500-64,800 range, short on rallies!
Place stop-loss above 65,300, with initial targets at 63,500, and if it breaks down, look at 62,200.

Don’t think the trend is reversing just because it dropped 200 points. The overall trend is downward; a rebound is just giving away money. Don’t leverage too heavily, control your position size, and hitting around 62,000 on this wave is not a big problem.

Keep up with the rhythm, and profit from this bearish move! $BTC ‌#合约交易 #比特币 #行情分析 # Shorting