BTC Short Strategy (Technical Analysis)
A converging triangle forms in a downtrend, with volume not expanding, indicating a high probability of a continuation consolidation.
⚠ The upper boundary is hard to break, with a high risk of false breakouts.
📉 Trading Thoughts (Bearish):
1⃣ A surge to around 106800 meets resistance → Signal appears to short
2⃣ Breaks below the lower boundary at 104500 → Follow the trend to short
Remember to set a stop loss, once a false breakout is confirmed, the pullback will be swift.
