This is the price to SELL BTC now

ที่อัปเดต:
🔴 This is the price that changes BTC to bearish in the short term

BTCUSD is showing some weakness in the short term (4h timeframe).

Few days ago we spoke about the wedge (green and yellow lines) that was unfolding in BTC, this moved the price close to 100k meaning that you could do in 2 days an astonishing 6 to 7%.

Today, we see the price breaking a support (blue line) and fighting to hold the previous yellow line.

When a trend starts to lose supports and trendlines, the buy power is clearly decreasing.



✅ When is a BEAR market confirmed?

First of all, note that we are seeing the 4h period, the long term should keep bullish until summer 25 according to all past BTC cycles. You have more information here:

Bitcoin halving cycles and BTC target


If the price do not lose the red line, there is nothing to worry, but for the previous formation, we should see soon the price breaking below the red line, moving under 93.000$.

Once we get there, we will need to see how many buyers appear and what patterns unfold, for now, we can only be sure that the price will stay in the range of $85-93k to test the market.



💰 How to trade this chart pattern?

If you are a long term investor, it's better to stay calm and wait until the cycle ends in summer 25.

If you are trading, selling below the blue line is just fine, but as high as posible so you can use a very tight stop loss just over the blue line.

This stop loss is crucial to avoid being caught in another rally.


If the price falls as expected, you can risk around 1 to 2% and earn around 8% without leverage.

This is not a long term bearish idea, is just a short term bet with high probabilities and low risk.

If you want to buy, you could either wait for this decline if the red line is broken or buy over 100k once this major psychological resistance has been broken.



🛡️ The risk management strategy

As we have done in so many previous ideas, remember you can split the position in 2.

- 50% of the position in a take profits as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels)
- 50% of the position to a price as large as the previous pattern or even around 1,5 times the pattern. (target 3 in the chart).

The second TP is less likely to happen, but as soon as the first one has been reached (extremely high probability), this becomes a risk-free trade.



✴️ Do you want the price to short in the long term?

I read you in comments!!
การซื้อขายยังคงดำเนินอยู่
Closing under the yellow and red lines were clear signals of a neutral market unfolding. Until the price breaks up again, we should hold and wait. The $85-86k levels still serve as support, ensuring that a bear market is not starting yet.

All probabilities point to new highs, but we may need a few more days of a neutral market before we see it.
Chart PatternsTechnical IndicatorsTrend Analysis

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