$BTC Evening View:
To be honest, I'm a bit scared of the current price of Bitcoin; it's a bit too high and the altcoins haven't followed. Let’s not even mention the tokens, they not only haven't followed, but are actually dropping. If Bitcoin rises and the altcoins don't follow completely, but just partially, at least I won't feel too anxious.
Currently, unless Bitcoin keeps rising, the altcoins can maintain their status quo, otherwise, as soon as Bitcoin has a pullback, the altcoins will definitely bleed profusely. In these past few days, with Bitcoin rising so much, I don’t feel happy at all; instead, I feel that Bitcoin is very dangerous. Are there any classmates who feel the same way as I do?
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Let’s talk with images: Aggressive traders should chase long positions on a volume breakout at 107420, while conservative traders should wait for a pullback to 105416 to confirm effective support and take a small long position. If it breaks down at 106765 with volume, watch for a potential short position while paying attention to volume changes.
Make sure to set your stop-loss in the chart; since Bitcoin’s price is high, the stop-loss should be adjusted slightly wider.
If you usually open 1 Bitcoin position, I now suggest to open only 0.5. Lowering your position size may help mitigate risks that can sneak up on you.