$BTC Let's talk about something useful

Someone in the live room asked me today why I would short around 1158

I've been doing this since the daytime session, made several trades today, 1158 is a strong resistance. My stop loss for you is 1164; 1164 is where the support and resistance switch.

The first place I see for a downward move is 1140-1142.

When it broke down below 1170 last night, you should have been alert to whether the bears are getting strong again.

Usually, I give you intraday trades based on bigger time frames: 2/4/8 hours and daily levels to look for patterns for long and short. I enter at smaller time frames.

Tonight, I'm only looking at 3-minute, 5-minute, and 15-minute charts.

As long as the market gives me a stop-loss signal, you should immediately enter your short position.

If it regains above 1160, 1164 will take out our position.

I need to reassess the market to consider setting up long positions/high shorts.

Chart one is the hourly chart, chart two is the four-hour chart. Looking back a few hours, you can see that this larger time frame doesn't dare to go short at all; instead, it feels like it's forming a bottom for long positions.

In the face of an absolute trend, if it's going to drop, it will drop; if you hit my stop loss, it proves I'm wrong.

The fact is I did it right; this isn't stubbornly going short. I've been positioning myself in the bearish trend for nearly a week. My strategy uses reasonable entry points and meaningful stop losses to validate my thinking, not random actions.

Anyway, with this downward trend, my smile has turned into a Nike logo; it's very satisfying ✊✊✊

If you want to go long, feel free. I'm continuing to press the short button.

If you want to catch a rebound, you better be quick; otherwise, you might miss it in seconds.