Hello, everyone! I wanted to share my thoughts on the Bitcoin market situation. It has been relatively quiet for Bitcoin in the past week, as its price has been trading within a narrow range. Typically, after such consolidations, we experience a strong impulse in one direction.
Currently, it's hard to predict where exactly this impulse will go. In such moments, it's best to follow a strategy of "preservation first." That's why I have placed a limit order in the marked zone where I can buy Bitcoin at more favorable prices if there is a decline. And if the price goes up, that's great too because I already have some Bitcoin in my portfolio.
If I add more specifics, I am leaning towards an upward move, so I won't be opening a short position (selling the asset in anticipation of further price decrease).
Feel free to leave your comments and wishes, and let's stay connected regarding the further developments in the Bitcoin market!
Currently, it's hard to predict where exactly this impulse will go. In such moments, it's best to follow a strategy of "preservation first." That's why I have placed a limit order in the marked zone where I can buy Bitcoin at more favorable prices if there is a decline. And if the price goes up, that's great too because I already have some Bitcoin in my portfolio.
If I add more specifics, I am leaning towards an upward move, so I won't be opening a short position (selling the asset in anticipation of further price decrease).
Feel free to leave your comments and wishes, and let's stay connected regarding the further developments in the Bitcoin market!
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