• Entry: 104,700 – 105,000
• Stop-loss (STL): 106,200 (cut when clearly exceeding the red Kumo cloud and breaking above the resistance zone)
• Take-profit (TP):
• TP1: 103,200
• TP2: 102,000
• TP3: 100,600 (gradually take profit according to the support zone in the 4H frame)
⛔ Note: This is a short position according to the weak sideways structure + signals from Ichimoku cloud and MACD.
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Command hint explanation
1. Ichimoku:
• The price is being covered by thick red Kumo cloud – continuously testing the border but cannot break through.
• Chikou Span is below the price and below the cloud – confirming that the downtrend still prevails.
• Tenkan & Kijun flat, reflecting a weak sideways phase, easily shifting to down when breaking support.
2. Volume Profile & Delta:
• The range of 105,500 – 106,000 has a large buying volume but does not create a breakout – establishing strong resistance.
• The red zones have large negative delta (-26K, -15K) → short positions have dominated in the recent period.
• The price is gradually weakening and testing the old low around 102K – if it breaks, it could drop quickly to 100K.
3. MACD:
• MACD has just slightly crossed upwards but the Histogram is very weak – likely just a technical rebound.
• If the MACD line turns down crossing below the Signal → confirms the next decreasing phase.
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Conclusion
BTC is in a narrow sideways state but the main trend is still down. Shorting from the range of 104,700 – 105,000 is a strategy that follows the 4H trend, taking advantage of resistance volume and weak signals from MACD. Initial target is 103,200, deeper TP at 100,600 if the market breaks below support.
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