Last Wednesday’s Bitcoin futures guide noted that the initial long-position take-profit had been reached, and that scaling into partial shorts could be advantageous as prices rose. Whether traders switched after partial selling or continued with long positions, at 87.5k the short-switch take-profit targets had been reached.
Traders could have earned excellent returns, and this piece presents today’s futures trading guide. Attached screenshot shows the Bitcoin futures four-hour chart. Given the prevailing trend, a short position remains favorable today. Short take-profit targets: 83.7k (TP1), 83k (TP2), 82.6k (TP3); up to 81.3k–78k; short stop-loss is at 85.8k.
Traders may have captured excellent returns, and ongoing risk management is advised. As markets evolve, monitoring price action around these levels can help determine opportunities to adjust positions or exit.
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