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$BTC 4.7 BTC Recap: Short positions take profit, keep going
This is Sen Ge.
In the morning session, influenced by US-Iran rhetoric, BTC dropped from 70,322 all the way down, hitting a low of 68,233. Our short positions, perfectly closed for profit.
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1-hour EMA death cross, bulls exhausted, market breaks down and weakens.
Now trying to bottom? That’s just giving away your head.
Any rebound is a feast for the bears.
Trading advice
Entry: 69,500-70,000, staggered short positions
First target: below 68,000, break below to 66,500
The bearish trend is confirmed, follow the trend. Don’t fight the market.
If you’re unsure of the direction, follow us and stay tuned for the next trade.