To be honest, the BTC strategy shared earlier by $ETH already took profit in the previous round. After this latest rebound, BTC failed to genuinely reverse its structure after pushing higher; instead, it brought the risk-reward ratio for shorts back into play. After bouncing from the overnight low, the hourly chart still has a little room to grind higher, but I don’t think this is a trend reversal. It looks more like the market is repricing the resistance overhead. The trickiest phase is exactly this kind of market: bears are afraid to enter in case it keeps rising, while bulls who chase the move can’t hold on and get stopped out back and forth, wasting the opportunity. Put simply, when nobody feels comfortable, that’s often when the market structure is clearest. The key is still how price behaves at resistance. 2550 is the first resistance this rebound needs to face; the closer price gets, the more likely selling pressure overhead is to emerge.
Above that, 83500 is a resistance zone on a larger time frame. My view is that as long as the rebound fails to hold firmly above 2550, the resistance makes this an area to scale into shorts at higher prices—not to chase longs. In other words, a bearish bias makes more sense around and below 2550. If price does break above it decisively on strong volume and holds on a retest, then we’ll need to reassess; there’ll still be time to consider buying a dip then. To the downside, around 2440 is the first support zone I’m watching, where price is likely to meet some contention as it pulls back. If selling volume dries up and price stabilizes there, it could be an area for short-term profit-taking and dip buying. If it breaks through directly on strong volume, that would open up further downside.
So, in terms of timing, watch for resistance around 2550 overhead and support near 2440 below—keep an eye on both sides rather than focusing on just one direction. The hourly chart still has some residual rebound momentum, but volume hasn’t followed through. I’d rather treat this kind of rise as an opportunity to position at higher prices than as a reason to chase. The risk-reward setup is clear: resistance overhead, with support some distance below. Until the bearish structure is broken, I’m sticking with this view. BTC
🔴 Trade direction: Short
📍 Entry range: 2521–2541
🎯 Take profit 1: 2441
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#ETH
Click below to trade 👇
Above that, 83500 is a resistance zone on a larger time frame. My view is that as long as the rebound fails to hold firmly above 2550, the resistance makes this an area to scale into shorts at higher prices—not to chase longs. In other words, a bearish bias makes more sense around and below 2550. If price does break above it decisively on strong volume and holds on a retest, then we’ll need to reassess; there’ll still be time to consider buying a dip then. To the downside, around 2440 is the first support zone I’m watching, where price is likely to meet some contention as it pulls back. If selling volume dries up and price stabilizes there, it could be an area for short-term profit-taking and dip buying. If it breaks through directly on strong volume, that would open up further downside.
So, in terms of timing, watch for resistance around 2550 overhead and support near 2440 below—keep an eye on both sides rather than focusing on just one direction. The hourly chart still has some residual rebound momentum, but volume hasn’t followed through. I’d rather treat this kind of rise as an opportunity to position at higher prices than as a reason to chase. The risk-reward setup is clear: resistance overhead, with support some distance below. Until the bearish structure is broken, I’m sticking with this view. BTC
🔴 Trade direction: Short
📍 Entry range: 2521–2541
🎯 Take profit 1: 2441
Take in the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#ETH
Click below to trade 👇