Bitcoin Support Levels and Buy Zones - Low Risk Strategy

So here's a simple strategy based on pure fundamentals of support zones.

BTC has broken below support of 10800, and it's currently trying to break back to the upside above 11,000. If this is successful, I assume there would be selling action between 11200 and 11600 and we will fall back down below 10800 and retest bottoms.

I'm not expecting the bottom of 9700 to hold.

However, market sentiment seems to be short-term bearish, but long-term bullish. So many traders are buying below 10500 based on the previous low of 9700. So I believe we will gradually go down, rather than have a large, quick sell-off, as there will be more buy support than normal.

This would be a great time to scale into your long positions. From 10,000 downwards. There is literally no support until approximately 7500, so we could potentially get there. If we do, I would start buying big. At this stage, we may start seeing panic selling and have a sharper fall to support around the 4500 level. If this is the case, I would go all in at this time.

This is a relatively low-risk strategy, scaling in as we lower in price with the assumption that in the long-term we will bounce back up above 11,000.