Short Opportunity: If the bounce meets resistance near 68,850, consider shorting with a stop loss at 69,200 and targets at 68,200/67,700/67,000, offering a risk-reward ratio of approximately 2.3. The rationale is that the 69,000 zone is a previous support level that has converted to resistance, and it also coincides with the SMA moving average level. The overall bearish structure remains intact, making any bounce an opportune moment for shorting.
Today's BTC Trading Strategy
Short Opportunity: If the bounce meets resistance near 68,850, consider shorting with a stop loss at 69,200 and targets at 68,200/67,700/67,000, offering a risk-reward ratio of approximately 2.3. The rationale is that the 69,000 zone is a previous support level that has converted to resistance, and it also coincides with the SMA moving average level. The overall bearish structure remains intact, making any bounce an opportune moment for shorting.