Bitcoin Is Dumping — Time to Reduce Exposure
I see Bitcoin currently dumping and testing lower support levels. The selling pressure feels broad-based rather than a short-lived shakeout.
I'm reducing exposure and avoiding new long positions until price action stabilizes and volume confirms a reversal. If I hold, I would trim on rallies and use tighter stops to limit downside.
Analysis
Heavy downside price action and elevated selling volume indicate a likely breakdown of near-term support; further weakness is probable until demand returns or macro/news catalysts shift sentiment.
Recommendation
Trim or sell positions into strength, avoid buying into the current drop, and wait for clear stabilization and confirmed reversal signals before increasing exposure.
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.