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$BTC โ๐จBitcoin short order at 73,600, target 67,500!
The rebound is approaching a key resistance level + MACD golden cross but below the zero line + trading volume continues to shrink
๐ Why choose to short at 73,600?
ยท Current price is 71,992. The level of 73,600 is the upper boundary of the previous dense trading zone + an integer psychological level, and also a resistance level of the daily trendline.
ยท Although MACD shows a golden cross (DIF 55.74 > DEA -445.66), the histogram (501.40) indicates that the downward momentum has significantly weakened, representing a weak rebound within a bearish trend.
ยท Trading volume continues to shrink: VOL (94,989) is far below MA5 (130,052) and MA10 (150,555). A rebound with low volume is unlikely to sustain, with a high probability of pulling back after a rise.
๐ฏ Strategy details
Item Parameter
Entry point 73,600 Limit order (short position)
Stop loss 74,600 (exit if price breaks above previous high, with a $1,000 tolerance)
Take profit 67,500 (support zone on the daily chart)
Position size Total position โค 3%, risk per trade โค 1.5%
๐ Why target 67,500?
67,500 is the previous starting point of the rally + below the daily MA60 (68,739), near the 0.618 retracement level of this upward move. Once the rebound ends, bears are likely to test this area directly.
โ ๏ธ Risk management reminder
ยท If price stabilizes above 74,200, the short position is invalidated; stop out and do not hold the position.
ยท If BTC volume breaks above 74,000 with increased trading volume, abandon the short plan.
ยท Holding period is estimated at 5-10 trading days; patiently wait for the rebound to materialize.
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๐ The above is only a personal trading plan and does not constitute investment advice. The market carries risks; decision-making should be cautious.
๐ For those bearish on BTC, please like and follow to verify together!
#ๆฏ็นๅธ#BTCUSDT#ๅ็ฉบๆฏ็นๅธ# Trading Strategy #Technical Analysis