【$BTCUSDT】Don't rush to buy the dip or chase the rally, check this first

$BTC During the Asian early session fund transfer period, the order book is experiencing frantic order cancellations, with buy-side depth imbalance reaching -36%. The price has fallen below the EMA50 critical support line, with weak support near 67586 at the lower band of the Bollinger Bands, but after the MACD death cross, the histogram continues to expand, indicating that bearish momentum has not yet exhausted. On the four-hour chart, trading volume has increased, but the price continues to decline, showing a typical distribution pattern.
Direction: Short
Entry/Pending Order: Short directly near the current price of 67840, or add to the position near 68150 on a rebound
Stop Loss: 68520
Target 1: 67200
Target 2: 66670
Trade Management: Liquidity during the Asian session is usually weak, with limited rebound strength. Hold short positions until the first target is reached, then halve the position. The remaining position can be used to break even on a deeper pullback. The risk-reward ratio is close to 4:1, making this trade worth a try.
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