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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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Your fa
After the strong drop to 76K and the subsequent recovery, BTC is gradually approaching the strong resistance zone around 81,000–81,500, where it has previously rejected prices multiple times.
This is a zone that converges many technical factors:
🔹 Strong horizontal resistance
🔹 The upper edge of the previous distribution zone
🔹 It is also a place where many long fomo can easily fall into traps.
Priority strategy:
⏳ Wait for the price to enter the zone 81K–81.5K and observe the price reaction, especially any weakening signals such as:
Reject candle ( pin bar, bearish engulfing…)
Volume decreases when it goes high
RSI bearish divergence
📉 If a reversal signal appears → enter short with the expectation that BTC will turn down towards the support zone 79K or deeper.
🎯 The big advantage of a short order in this zone:
Good risk:reward ratio
Less prone to FOMO because of the planned setup.
Enter orders at the local peak – optimize entry
#Risk Strategies in Downtrend #Upcoming CPI & PPI Data Releases #Fed Rate Cuts Outlook