Initiating a short position on BTC at this level. The technical setup presents notable resistance—price action and chart patterns suggest elevated risk for continued upside without a pullback. Current market conditions and momentum indicators align with a shorting thesis here. Looking for mean reversion or consolidation before reconsidering directional bias. Risk management is key; tight stops will be essential given volatility in the broader market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
5
Repost
Share
Comment
0/400
FOMOSapien
· 1h ago
Shorting bet, quite bold, but it would be awkward if the pullback doesn't happen.
View OriginalReply0
RektDetective
· 1h ago
The short stop-loss is tightly locked in. I'm also watching this pullback.
View OriginalReply0
OnchainUndercover
· 1h ago
The bears are back. Is this really the end, or are we about to get crushed again?
View OriginalReply0
AirdropDreamer
· 1h ago
Is it a bit early to short this position... Last time, being this confident led to a reverse violent surge.
View OriginalReply0
Ser_Liquidated
· 1h ago
The bears are back. Can you hold up this time? Haha
Initiating a short position on BTC at this level. The technical setup presents notable resistance—price action and chart patterns suggest elevated risk for continued upside without a pullback. Current market conditions and momentum indicators align with a shorting thesis here. Looking for mean reversion or consolidation before reconsidering directional bias. Risk management is key; tight stops will be essential given volatility in the broader market.