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$BTC Currently around 71,865 USDT. Over the past 24 hours, the fluctuation is approximately +1.15%. $BTC
I'm not focusing on the rise or fall first, but whether this position is worth engaging.
In the short term, I still lean towards bearish. $BTC
For this position, I will first look at these points:
First, the active buying is not decisive enough, and an upward breakout still lacks momentum.
Next, the price is already close to the resistance zone, and the upside potential and risk-reward ratio are average.
Additionally, the continuation after a surge is generally weak, and chasing longs may end up at an awkward position.
If I really want to trade, I prefer this strategy: top sweep high waterfall short / rebound lure long then second waterfall short / break support chase short.
The entry point I will watch: 72,415 USDT
Initial target: 68,104 USDT
Stop-loss reference: 74,139 USDT
Invalidation condition: 5-minute pullback resistance / 15-minute pullback sweep height
Risk-reward ratio reference: 2.50R
At such times, the most feared thing is to get itchy hands; waiting until things are clearer makes it easier to trade.