Morning Bitcoin Short Strategy



- Current Price: 70,741.4 USDT, slight increase +0.38%

- Key Levels:

- Upside Resistance: 71,028 (recent high) → 71,377.5 (today's high)
- Downside Support: 70,500 → 70,000 → 69,384.6 (today's low)
- Volume & Funding: Net inflow of 56.85 million USDT, funds remain bullish, but the 15-minute K-line shows a pullback after rally, indicating weakening bullish momentum
- Technical Pattern: After rally, consecutive small bearish/bullish candles form a high-level stagnation pattern; if MACD shows a death cross, it will accelerate the correction

⚡ Short Entry Strategy

1. Entry Conditions

- Price Trigger:
1. Rebound to the 71,000–71,200 zone facing resistance, with the 15-minute K-line closing with a long upper wick or a bearish candle
2. Break below the key support at 70,500 with increased volume

- Profit Targets:
- First Target: 70,000
- Second Target: 69,300 (area of today's low)
BTC1,04%
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
Add a comment
Add a comment
No comments
  • Pin