$BTC Place Order – Betting on Short Position
This order is entered at the current price around 86000. From the daily chart, BTC is currently in a rebound after a previous decline. However, from a smaller timeframe perspective, the strength of this rebound is insufficient to form an effective breakthrough, with RSI divergence. This order has a loss of 2000 points, and the take profit is near the previous low support at 82000. When BTC reaches around 84000, take partial profit to speculate on a short-term trading range of 88000-82000 for one hour. The reason I say this is that I believe if the main force is oscillating at this position, the high point won't just be close to 88000. Therefore, if a long position is received, it will hold the pattern. When it reaches the support at 82000, take profit on the short position and enter a long position, relying on the oscillation range for buying low and selling high.
If this short position incurs a loss, then observe the upward breakout strength of BTC. The second point for shorting is in the range of 93000-94000. The advantage of trading within the oscillation range is that even if you incur losses on the previous two orders, a successful short position at the top can recover the profits from the first two orders to reach the previous low. Be a bit bolder, but keep the position small.
Done!
