Main focus $BTC | Strategy: Short by unloading the position first
$BTC current price 84,830, trading back and forth within the 82,500-85,633 range this week, the ceiling at 85,633 was pressed down twice — on 9/27 it touched 85,146 then pulled back quickly, on 9/30 it surged to 85,633 then closed with a long upper shadow and dropped back to 83,577. The market makers are very slick with their "flash steps" above, whoever chases longs ends up taking the hit. Direction: short between 85,400-85,633, stop loss at 86,400 (about 0.9% above the 9/30 high of 85,633), first target 83,500, second target 82,500 weekly low, 5x leverage. Reason in one sentence: two attempts to break the top were rejected twice, OI has been flowing out for four days about 270 million U, only replenished 240 million on 10/1 — some money returned but still short of full strength, resistance level shorting has a favorable risk-reward ratio.
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