Bitcoin Short Strategy in the Early Morning
From the 1-hour chart perspective, Bitcoin has strongly broken through the key resistance at 102700 and is aiming for the second level at 103300. If the price effectively stays above 103300, it is recommended to open a short position with a light load at the strong resistance level of 103800.
Trading Strategy:
Entry: Near 103800
Stop Loss: 104600 (800 points defense)
Targets:
First Take Profit: 102650 (pullback to previous high)
Second Take Profit: 101700 (key support)
Ultimate Target: 101000 (zone of long and short competition)
Note! The cryptocurrency market is highly volatile, so it is crucial to strictly control your position size, set stop losses, and avoid holding onto losing positions!
