This trade can be short-term bearish. If you haven't previously positioned long-term shorts at 94,500, you can consider positioning some here. For the long term, hold until the end of January; if there is no rate cut, the price will go down.


Bitcoin
Direction: Short
Entry: Around 9,260-9,300
Take profit: Level 1: Around 9,150 (for safety) Level 2: 9,050
Stop loss: Slightly above 9,330. If doing 1-2x long-term shorts, you can skip setting a stop loss and hold until the end of the month; if the Federal Reserve doesn't cut rates, it could fall quite a bit.
Reason: Around 92,700 resistance is good, allowing for a short-term pullback. Those who haven't positioned shorts long-term can consider doing so here.
Personal opinion: Don't place orders at round numbers; they are hard to execute. Placing orders just below resistance zones makes execution easier. Currently, due to many fake breakouts and fake breakdowns, to prevent this, we set stop losses slightly higher, lower the risk-reward ratio, and significantly increase the win rate when trading.
BTC0,33%
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