Bitcoin Update — High Volatility Ahead | Use Stop Orders for BINANCE:BTCUSDT by CRYPTO_HUUNTER
Market volatility remains elevated, so the first priority is reducing your risk exposure. 📈 Long Setup Long Trigger: $65,021 Considering how many times Bitcoin has tested this resistance, there's a good chance that a confirmed breakout could lead to a sharp impulsive move. For that reason, I recommend placing a stop-buy order above $65,021 so you don't miss the breakout if it accelerates quickly. 🎯 Target: $66,911 📉 Short Setup If Bitcoin fails to hold above $65,021 and forms a fake …
Market volatility remains elevated, so the first priority is reducing your risk exposure. 📈 Long SetupLong Trigger: $65,021Considering how many times Bitcoin has tested this resistance, there's a good chance that a confirmed breakout could lead to a sharp impulsive move. For that reason, I recommend placing a stop-buy order above $65,021 so you don't miss the breakout if it accelerates quickly. 🎯 Target: $66,911📉 Short SetupIf Bitcoin fails to hold above $65,021 and forms a fake breakout, I'll start looking for the first valid short trigger. Next Short Trigger: $63,899📊 Overall BiasAs long as the yellow trendline on my chart remains intact, I don't favor short positions. If you do decide to short before that trendline is broken, keep your position size small and manage risk carefully, as you're trading against the current technical structure. Support and ResistanceTrend AnalysisDisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.