BTC - SHORT - Tempting but dangerous trade

1月6日

BTC is facing a major resistance at 100k. I expect a drop at least in 4 hours timeframe. This is a very risky trade because shorting BTC and in a bull market is not at all advisable. Personally I think it will most likely go close to the POC (97500~) and then go up. Likewise, if the 91k is broken strongly, we will go to very low areas and it is very tempting to let it go. The weekly is still a latent possibility to go to low levels. But nothing is certain and we can easily go in any direction. I would not short BTC for a long time or with a high margin. So this trade must be constantly protected. Be careful.

TP 1: 96500 ~ 97500 (protect trade - POC)
TP 2: 93100 (support)
TP 3: 91600 (daily support)

1月6日

交易結束：達到停損點

Big rise in BTC, that's why we should use stop loss. This is heading towards liquidating even at 20x trades.

1月6日

註釋

Sometimes when a trade is dangerous the solution is not to give it a lot of space in the liquidation price and let it get us out quickly. This is a clear example.

1月8日

註釋

It is not a good idea to short BTC, be very careful. Nothing surprising happened, it is just a small drop. There are still plenty of supports, at 91 and 85-88, for example. A few buys at 91 with low leverage is ok. Maybe that drop was a good entry, but it was too fast and that is not my way of trading.

1月10日

註釋

The entry was indeed at 91k, although I think the chance of it not exceeding its previous rise is moderate. This trade should be protected at this point.