After the bull run at the end of 2024, may BTC is going to complete the last move of corrective wave (ABC - Elliott Wave Theory). So I will trade a short futures.
After broken the structure up last night, the pricing is sideway to create a trading range, when it reacts with the resistant, I decide to trade a short position.
Based on the higher time frame (4h) that's I already shared last night, I continue trade the 2nd entry to increasing volume & profit as well. In this trade, we can see a special pattern: triangle (LTF) inside triangle (HTF). The triangle LTF is broken and the price is nearly support of triangle LTF, that's potentially for a short trade and panic sell to the zone 90k - 88k (firstly).
HIVE had a good bull run yesterday, I expect it's can break the resistant and continue going up, but unfortunately, the price rejected resistant, so I will do a short trade.
After moved up nearly 30% just in 2 hours yesterday, then now price is moving in the resistant & support zone. It's potentially for a long trade when price reacts good at support.