From a risk angle, $BTC is trading around 71,135 USDT.


This is one of those spots where bad risk control can cost more than a wrong bias.

If I have to pick a side, I lean toward: another downside sweep first
Here is why I say that:
First, risk-reward starts fading when price is this extended
Second, buyers are not getting clean continuation candles up here
And one more thing: If 5m reclaims key resistance or 15m reclaims the sweep high, the short thesis is damaged.

Cleaner entry area: 71,704 USDT
Expected target: 67,436 USDT
Level where the idea is wrong: 73,411 USDT
Biggest risk here: late sellers getting trapped by a reclaim

If you had to act here, would you lean long, short, or just wait?
BTC1,44%
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin