Bitcoin: 30% Move Looks Overstretched — Expect a Pullback
I don’t know — a 30% move in Bitcoin strikes me as already very large.
I feel that size of move raises the risk of a meaningful pullback or consolidation before any sustained continuation.
I’d rather sit on the sidelines or wait for a clear retracement and confirmation before adding exposure.
Analysis
Recommendation
Don’t buy new positions now. Wait for either a clear consolidation range or a retracement to established support levels before considering entry, and use stop-losses to manage risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.