Public trading strategy
Bitcoin's biggest buyers are backing away — short the bounce
Thesis
When the largest buyers in any market step away, prices usually fall until a new floor is found. Bitcoin is now in its eighth straight month of a bear market, and breaking below the key psychological level of $60,000 often triggers panic selling among recent buyers. With tech stocks also dropping and big institutions slowing their purchases, the path of least resistance right now appears to be downward.
Strategy approach
Build a trend-following strategy that enters short BTCUSDT on the 4-hour timeframe when the price closes below $60,000 and the 50-period moving average crosses below the 200-period moving average. Use a fixed 4% stop loss above the entry and a 14-day max hold.
Markets and timeframes
BTC4h