IronMask

$BTC The previous Bitcoin order at 68,800 has already exited near the cost basis. When I was monitoring the market, I noticed that Bitcoin's upward momentum is very weak, and the rebound is far less than expected. Risk avoidance should come first. I will continue to look for trading opportunities. Thank you for your attention.

$BTC Order reason: Following yesterday evening's sharp decline in Bitcoin, the price was supported around 68,100 in the early morning. Additionally, it closed four consecutive hourly doji candles above the 68,400 level. Such a pattern during a downtrend usually indicates exhausted bearish momentum and suggests a rebound.
Recommendation: Go long around 68,800
Take profit: 69,500
Stop loss: 68,400

$BTC Today's Bitcoin short position at 70,000 was fully closed at 69,000 this noon, resulting in a total profit of 1,000 points. I will continue to watch for trading opportunities. Thank you for your attention.

$BTC Reason for opening the position: Bitcoin breaks below the neckline at 70,500, forming a double top on the hourly chart. If the price tests higher again, trapped longs will close near the neckline, turning support into resistance.
Suggestion: Short around 70,000
Take profit: 69,000
Stop loss: 70,600

$BTC Bitcoin hit a low of around 70500 last night and did not touch the stop loss at 70300, so our long position at 70800 remains firmly held, targeting 72500.