Main focus $BTC | Strategy: Short, initial quick exit operation, $BTC slid from 82283 to 78831, a continuous "opossum-back" style slow decline, bulls can't even organize a decent rebound. Short entry at 79200-79500 limit sell, stop loss at 80600, targets at 77600 and 76927. Leverage 2-3x, position size 30%. Funds are fleeing this round, fees remain lukewarm, those chasing longs probably need some "brain noise reduction".
What lines is $BTC drawing this week?
Looking at the candlesticks, after surging to 82283 on 9/3, it started drawing a descending channel, with MA3 and MA5 bearish alignment pressing the price down, daily highs getting lower. The 9/6 high at 80536 forms a descending resistance line acting as a short-term ceiling, touching it gets pushed back. The 9/8 dip to 77600 is a swing low, 9/9 small volume bullish candle gave a brief breather, but volume was only 290,000 trades, usually two to three million, this shrinkage shows no buying interest.
Two rebound paths are drawn on the chart: T1 near 80557, T2 near 81460, the space between the channel upper boundary and previous high. But to rebound, it must first break the descending resistance line, which hasn't even been touched yet. Below, 76927 is the 7-day low iron bottom; if truly broken, look to 75389.
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