Bitcoin BTC
Direction : Short
Entry : around 6.85-6.9
Take profit : Level 1 : around 67,000 (seek stability) Level 2 : 66,000
Stop loss : Slightly above 69,200
Reason : Bitcoin faces resistance around 69,000, can consider a pullback
Personal opinion : Do not place orders at integer levels, as they are hard to execute. Place orders just below the resistance zone for easier execution. Currently, due to many false breakouts and false dips, to prevent such situations, set the stop loss slightly higher, lower the risk-reward ratio, and significantly increase the win rate for trading.
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