Today’s market movement once again reinforced my analysis. In the first short trade, we got a good result, and in the second short setup too, the market is moving in our favor.
I selected the $BITCOIN 63,300 – $64,300 zone for short entry. Keeping risk management in mind, I set the Stop Loss at $65,000, with profit targets at $BITCOIN 62,000 and $61,000.
It looks like the market structure is bearish right now, and until Bitcoin breaks out strongly above its resistance, my focus remains on short positions.
In every trade, discipline and risk management are most important. That’s why always use a proper stop loss and don’t blindly follow any trade without your own research.
Trade Set 63,300 – $64,300
Stop Loss: $65,000
Take Profit 1: $NVDAB 62,000
Take Profit 2: $61,000
$BTC #Bitcoin #Crypto #Trading #BTC
