Generally very bullish on Bitcoin long term, but right now we are back in a LTF bearish range.
I've been watching the zone around $57.500 as crucial support area over the past days. We're seeing a retest right now, which doesn't make me concerned as long as we stay above the local low of around $55.500.
A cross above $61.000 would indicate strong bullish momentum.
I've been mentioning again and again that right now is a time for Spot, not for leverage. Most people forget about risk management and are prone to losing a lot here.
Should BTC drop below 55.000, we are offered more opportunities for cheap spot entries. So it might be better to stay out of any positions at the moment - stay liquid.
patience is key right now. Might wanna set some spot buy orders and go for a hike or watch a movie.
I've been watching the zone around $57.500 as crucial support area over the past days. We're seeing a retest right now, which doesn't make me concerned as long as we stay above the local low of around $55.500.
A cross above $61.000 would indicate strong bullish momentum.
I've been mentioning again and again that right now is a time for Spot, not for leverage. Most people forget about risk management and are prone to losing a lot here.
Should BTC drop below 55.000, we are offered more opportunities for cheap spot entries. So it might be better to stay out of any positions at the moment - stay liquid.
patience is key right now. Might wanna set some spot buy orders and go for a hike or watch a movie.