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what is your guys opinion should I close or wait for few days to see where it goes. ?

Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.

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why would you open short position in a bullish market?

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why do people keep opening short positions during an upward trend. I would never get it.

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Should I close or Wait?

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Bitcoin 4-Hour Chart: Technical Analysis and Strategy 🤑📊 Bitcoin (BTC/USD) is currently trading at $67,933, showcasing bullish momentum as the price remains above both the 50-period EMA ($65,250) and 100-period EMA ($63,666). This indicates strong upward pressure, with EMAs acting as key support levels. However, On-Balance Volume (OBV) shows some negative divergence 📉, signaling weakening buying momentum despite the price rise. The Accumulation/Distribution (A/D) Line at 1133.72 indicates ongoing buying pressure, supporting the bullish outlook 🔥. The Average Directional Index (ADX) stands at 51.10, confirming a powerful trend. Meanwhile, the Aroon Indicator reflects bullish momentum, with Aroon Up at 92.85. But, the MACD has a bearish crossover ⚠️, signaling a potential short-term correction. Additionally, the RSI at 64.42 and Stochastic Oscillator hovering near overbought levels suggest caution 📉. Trading Strategy: Breakout Play: Enter long if BTC breaks above $68,000 with strong volume. Target $70,000, stop-loss at $65,250 🚀. Correction Play: Short below $66,000, targeting the 100-EMA at $63,666. Stop-loss above $68,000 💰. Range-Bound Play: Trade between $66,000–$68,000, capitalizing on quick fluctuations 🏖️. 🔑 Monitor: Volume, ADX, and MACD for trend confirmation and momentum shifts. #Bitcoin #Write2Earn! #TradingMadeEasy #Uptober #CryptoNewss

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