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Bitcoin Falls Below $118,000 — Short-Term Volatility, Risk Control Advised
I note Bitcoin has broken below $118,000, currently trading at $117,922.91.
The 24-hour drop of 2.09% signals elevated intraday volatility, so I am tightening risk controls and avoiding larger new positions for now.
I will watch for confirmed support or a clear reversal before considering re-entry.
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Analysis
Breaking the $118k level is a psychological weakness rather than a decisive structural breakdown, but the 2.09% drop and sharper intraday swings increase short-term downside risk and could trigger sto...
Recommendation
Stay cautious: reduce or hedge exposure, set clear stop-losses, and wait for confirmation of support or a reversal before adding positions.
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.