After hitting the 60K mark, BTC formed a short-term bottom. After prolonged sideways consolidation at the lows, it rebounded back above 65K. However, market momentum on the upside is extremely weak, and the overall downtrend has not yet concluded.
For trading, we should keep trading short in line with the prevailing market trend. The market is expected to stay range-bound for an extended period, yet short selling remains the safest and most profitable strategy. Watch the resistance zone between 65000 and 65500; short positions can be considered once price reaches this zone.
BTC Trading Strategy:
BTCUSDT Sell @ 65000-65500
TP: 64000-63000
Reminder: While the market downtrend remains intact, stick to trend-following trades. I will keep updating the latest strategies for your reference. Always stay alert to trading risks in the market.
For trading, we should keep trading short in line with the prevailing market trend. The market is expected to stay range-bound for an extended period, yet short selling remains the safest and most profitable strategy. Watch the resistance zone between 65000 and 65500; short positions can be considered once price reaches this zone.
BTC Trading Strategy:
BTCUSDT Sell @ 65000-65500
TP: 64000-63000
Reminder: While the market downtrend remains intact, stick to trend-following trades. I will keep updating the latest strategies for your reference. Always stay alert to trading risks in the market.
Trade active
Sell @ 65000-65500Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.