Bitcoin | First Line of Defense
Pair: BTC/USDT
Current Price: $101,070.85 (-2.7%)
Bitcoin’s first line of defense lies within key areas of interest, highlighted as blue boxes on the chart. However, the absence of strong demand zones suggests a cautious approach. Waiting for upside breakouts on lower timeframes is recommended before considering long positions.
Key Considerations:
The ongoing correction introduces uncertainty, making it essential to monitor the depth of price movements.
Keeping cash reserves ensures flexibility to adapt as the market evolves.
Trading Philosophy:
A clean and simple chart promotes clarity and better decision-making. This approach is rooted in years of experience, focusing on identifying high-probability setups. While no one can predict the market with certainty, patience and careful observation remain vital during uncertain phases.
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