【$BTCUSDT】Don't rush to buy the dip/chase the highs, check this first
$BTC Asian early session fund handover period, the order book is experiencing crazy order cancellations, buy-side depth imbalance reaching -36%. Price breaks below the EMA50 lifeline, weak support near the Bollinger Band lower rail at 67586, but after the MACD death cross, the histogram is still expanding, bearish momentum has not been exhausted. Four-hour level volume expansion but continuous yin decline in price, typical distribution structure. Direction: Short Entry/Limit order: Direct short near current price 67840, or add positions near 68150 on rebound Stop loss: 68520 Target 1: 67200 Target 2: 66670 Trade management: Asian session liquidity is typically weak, rebound strength is limited, can hold short positions until the first target is reached then reduce position by half, use remaining position to protect breakeven and gamble on deeper pullback. Risk-reward ratio close to 4:1, this trade is worth trying. View real-time market 👇 $BTC --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL #Gate13周年全球庆典 #TradFi首创多倍杠杆 #加密行情震荡
【$BTCUSDT】Don't rush to buy the dip/chase the highs, check this first
$BTC Asian early session fund handover period, the order book is experiencing crazy order cancellations, buy-side depth imbalance reaching -36%. Price breaks below the EMA50 lifeline, weak support near the Bollinger Band lower rail at 67586, but after the MACD death cross, the histogram is still expanding, bearish momentum has not been exhausted. Four-hour level volume expansion but continuous yin decline in price, typical distribution structure.
Direction: Short
Entry/Limit order: Direct short near current price 67840, or add positions near 68150 on rebound
Stop loss: 68520
Target 1: 67200
Target 2: 66670
Trade management: Asian session liquidity is typically weak, rebound strength is limited, can hold short positions until the first target is reached then reduce position by half, use remaining position to protect breakeven and gamble on deeper pullback. Risk-reward ratio close to 4:1, this trade is worth trying.
View real-time market 👇 $BTC
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Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#Gate13周年全球庆典 #TradFi首创多倍杠杆 #加密行情震荡