Here is a quick analysis of the current Bitcoin movement with some important recommendations:
1. Current technical analysis:
Bitcoin is trading at an important resistance level around 68,133.
Technical indicators show that the currency is in an overbought area (RSI and Stochastic RSI), which means that there is a possibility of a pullback or correction soon.
The SAR indicator still supports the upward trend.
2. Recommendations:
Wait and wait strategy: Wait for a confirmation of a breakout of the 68,133 level for a few candles on a larger time frame before buying again.
Buy at support: In case of a pullback, you can consider buying around the support level of 68,000.
Setting a stop loss: For those who currently have long positions, it is recommended to place a stop loss below 68,000 to protect capital.
Following moving averages: In case of a golden cross on a larger time frame, long positions can be strengthened.
Always stay informed of market movements, and do not hesitate to take cautious steps in case of any sudden changes!