Quick Twitter update. Closed my short positions this morning, then re-entered with low leverage long on $BTC around 11AM—shared this move in my private group. This position is my initial long entry. $BTC’s morning wick down hasn’t broken the major support line yet, so I still see a chance for further upside here. Ideally, I’m looking for a move to take out the short liquidity above 98k. On the flip side, if the weekly rebound ends early here, we might just chop around and put in a weak lower high on the daily. This is the key market debate right now: will the weekly rebound end prematurely? That’s why I’m starting with a light, low-leverage long as my initial position. This keeps risk under control and gives me a better entry if things go south, making it easier to adapt if the market turns against me. The safer play is to stay patient and watch how $BTC consolidates on the lower timeframes, then go long after a confirmed breakout. —Just sharing my thoughts for your reference.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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