The market was relatively quiet over the weekend due to low trading interest. The overall volatility was minimal, and there wasn’t much room for maneuver. I previously recommended opening a long position below 108,000. The price has now reached my expected level, around 110,000. For those who followed my lead, please pay attention to your positions. If you are prudent and conservative, you can reduce your holdings and wait to see if the market breaks through this level.
Bitcoin Strategy
The weekend market didn’t fluctuate much, so you can choose not to trade and enjoy the weekend. You don’t need to seize every ups and downswing. If you do decide to trade, I still recommend opening long positions on pullbacks. You can stick with my previous strategy and open long positions below 108,000. For bearish short positions, I think you should consider opening above 111,000. If the rebound isn’t strong, there won’t be much room for decline.
My thoughts are for reference only. Your specific trading decisions will be based on your own circumstances.
