sell
Bitcoin Price Action Signals a Short Setup at 109K
The individual recalls that Bitcoin was at 110,000 and they switched to full cash. They then started short trading 24/7, which was met with criticism and insults. As Bitcoin dropped to 100,000, they received messages saying they should have listened. On the day Bitcoin hit 100,000, they closed their shorts, predicting a rally, and recommended opening longs, which caused further criticism. When Bitcoin rose to 104-105, they advised closing longs, and now they are suggesting going short again with a stop-loss at 109,000, citing the need for a daily close above this level.
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AI Analysis
The trader has demonstrated a strategic approach to Bitcoin trading, shifting between long and short positions based on critical price levels and market sentiment. Starting with a long position at an ...
AI Recommendation
Given the analysis, it is advisable to respect the stop-loss level at 109,000. Initiate or maintain the short position as long as the daily close remains below this threshold. Traders should stay aler...
Disclaimer
The AI 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.
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