BTC

Direction: Short - Low Leverage - Gradual Entry
Entry: Now entering a base position around 116,000, with 10% positions at 117,000 and 118,000 each time.
Confidence Level: Medium
Multiplier: 5x - Low
Position: 10% each time
Take profit: Point 1: around 115000 (conservative) Point 2: around 113500 Point 3: around 111000
Stop-loss: Reduce position by 40% when it slightly breaks 119,000, and close all positions when it breaks 121,000.
Reason: After the interest rate cut, it is highly likely that the benefits will be fully realized and a pullback will begin. However, there was significant volatility on the day of the interest rate cut, and Powell's speech introduced some uncertainty, so a low-leverage operation is advised.
Note: Do not place orders at whole numbers, as it is difficult to execute. It is easier to execute orders just below the resistance zone. Currently, due to many false breakouts and false breakdowns, in order to prevent such situations, we should set our stop-loss a bit higher, lower the profit-loss ratio, and significantly increase the win rate for trading.