+$7'200 profit from longing $BTC at 54'300 and 54'500. $BT | SatoshiSwiss on Binance Square

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+$7'200 profit from longing $BTC at 54'300 and 54'500. 

$BTC also pumped over 2k from my last Binance News post where I called the strong bullish CVD that was forming.

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BTC

57,977.98

-2.57%

4.5k

0

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$SOL - Things are looking pretty rough, to say the least. No matter how you slice it, it's been struggling big time, especially compared to BTC. We might see it dip to 120 or even lower in the next few days. Shorting it has been a goldmine this past week. #solana

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$BTC - There's not much more to elaborate on. The bearish outlook has been reinforced as the 62.4K level was breached, presenting a straightforward short opportunity with a swift move back towards 60K. Anticipating further downside shortly. The recent lower high at 70K unfolded precisely as it did before at 72K — a peak at the range's upper limit followed by consecutive days of a downward-only price action. Essentially, it's been effortless profits daily from short positions, especially with triggers at the NYSE open intraday highs. #bitcoin

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The inefficiency in $BTC has been filled, and it's retesting the previous breakdown point. I'm keeping an eye on potential short re-entries for $ETH , especially around the key 3200 level, which lines up with this. I'm not rushing into these trades. Ideally, I'm looking for another lower high between the current level and 67k, and I'll jump in once I see bearish market structure forming from there. #bitcoin #ethereum

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The altcoin market is looking pretty rough lately, with many altcoins seeming like they'll keep dropping. It’s clear there's an edge in shorting these coins because they’re so weak, no matter what Bitcoin is doing. Today’s strategy was the same as yesterday's: find Bitcoin’s intraday high and use that candlestick as the stop-loss point for shorting the weaker altcoins.

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So, here's where I stand on $BTC : it's been holding up pretty well even though US stocks had a rough day. Right now, I'm feeling pretty neutral about it short-term, but I think the ups and downs will eventually lead to a dip. I'm not really looking to trade in this crazy market until there's a clear signal. It's super important to stay flexible as things change. Just a few days ago, I went all-in with my challenge account because I thought the market conditions were just right and fit my strategy. I also put 60% of my total margin into it when I saw similar good conditions. Now, I'm mostly back to cash, except for a small short position in MKR that's done really well since I first got in. With no clear trends right now—except for a few like SOL—it's smarter to play it safe until the market shows some momentum. When that happens, it's all about jumping on the opportunity and adjusting your investment size to match. #bitcoin

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