So I'm looking at this hourly chart. This is a classic dead cat bounce. The move is to sell into this resistance, wait for a drop, and buy back later.
The problem?
This is $BTC!
A pump could come out of nowhere and blow past the resistance at the all time highs.
So my compromise solution is to keep my position and promise myself to buy more with fiat if it drops.
Follow up this is a perfect short position:
Volume divergence, lower high, and dead cat bounce. Stop loss is 33500, profit target is 29500. 3:1 reward:risk
In the morning:
This is why I don't short BTC lol