Bitcoin saw a sharp spike, liquidating high-leverage short positions and hitting $67,977. Despite this, caution is still advised. The strategy I mentioned earlier remains in play: wait for a 4-hour candle to close above $66,300 before considering long positions. Even though I exited early, the setup is still valid. If we donât get a 4-hour close above $66,300, longs are risky, and shorts remain viable. Thereâs potential for a dip back to the $62,000-$63,000 range, so avoid rushing into trades for now. Key point: without a confirmed 4-hour close above $66,300, stay cautious on longs and keep shorts in mind.
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