Selling on support break: The current dynamics suggest the continuation of the downward trend. There is room for a decline to the psychological level of 80,000 USDT. If the price does not hold above 95,000 USDT, the market will remain under pressure from ETF outflows and excessive leverage.$BTC
Short-term plan: open a short position (sell📉) Entry: 86,500 USDT (30% of capital) Stop-loss: 90,000 USDT Take-profit: 80,000 USDT
Medium-term plan: accumulate on decline (buy📈) Entry: 80,000 USDT (40% of capital) Stop-loss: 74,000 USDT Take-profit: 95,000 USDT
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Selling on support break: The current dynamics suggest the continuation of the downward trend. There is room for a decline to the psychological level of 80,000 USDT. If the price does not hold above 95,000 USDT, the market will remain under pressure from ETF outflows and excessive leverage.$BTC
Short-term plan: open a short position (sell📉)
Entry: 86,500 USDT (30% of capital)
Stop-loss: 90,000 USDT
Take-profit: 80,000 USDT
Medium-term plan: accumulate on decline (buy📈)
Entry: 80,000 USDT (40% of capital)
Stop-loss: 74,000 USDT
Take-profit: 95,000 USDT