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Looking at this BTC chart, there are quite a few insights to be gained.
Back in August of this year, I gradually built short positions within the 115k-125k range. During the September and October market movements, these orders were gradually filled. That decline pushed us down to 80k, which was the first line of defense set two months ago. How did it perform afterward? Over a span of 7 weeks, the price repeatedly oscillated within my expected zone—this highlights the importance of proactive planning.
Currently, the 70k-75k range has become the next major focus area. But this doesn’t mean I will continue to add to my short positions at the current level. In fact, my plan is very clear: I will only consider actively adding to short positions if the price rebounds into the 97k-107k zone. That rebound entry would be the real opportunity to increase positions.
To summarize the strategy:
• Hold the short positions opened at 115k-125k without changes
• Place new short orders in the 97k-107k range
• Keep the long spot position established at 85k
• Set stop-losses for the spot position near the entry price
• Lock in the next bearish target at 70k
This approach is all about waiting for the right opportunity.