Finally $BTC gave the rebound . Now the question is: will Bitcoin keep rising, or is this the best place to plan the next trade? Let’s take a look.
The headline risk faded, and BTC reacted with a strong bounce, pushing back up after the drop. This is why we don’t chase fear or FOMO - we wait for the reaction and follow the range..
Looking at BTC objectively, it’s still moving inside a clear box: support around 63,000 and resistance up near 70,000–72,000. After a rebound, there’s no need to chase highs. If we can buy near support, why would we buy late in the middle at a worse price? Don’t you think?
So my current strategy is to take profit on the spot positions we bought near the dip, and then look for opportunities to short around 70,000–72,000, because this zone still has heavy resistance/supply. To protect against sudden spikes from unexpected events, I will enter short positions in batches between 70,000 and 72,000 — this is safer. Because in a range market, rebounds can look “bullish” but still fail at resistance. No matter how high the bounce goes, if price can’t accept above the key resistance zone, it will usually rotate back down. Even if price temporarily squeezes higher, we stick to low leverage and a clear invalidation level, so there’s no panic. The only thing that worries me is if price doesn’t reach the short zone then we simply don’t force a trade. 😂
And remember: when BTC dumps into support, the worst mistake is shorting the bottom. That’s where late shorts get trapped. The smart move is either buying a portion for spot near support, or waiting patiently to short at resistance not the other way around.
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