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BTC current price 70,745 USD
There is an opportunity tonight to discuss
BTC 71k-72,300 range can be shorted in batches, add positions at 72,500, stop loss at 73,000-73,500, target 66,000
The logic for shorting at this level: The Iran ceasefire news has been mostly digested, BTC has risen from 68k to 71k and has already moved quite a bit, now it’s stagnating, short-term attempts to push higher just give shorts an opportunity
Wait for a rebound before entering again, more stable
Da Chao believes that if this move is done correctly, 66,000 is not a dream, but stop losses must be strict, or it could blow up in one shot
$BTC #BTC