Bitcoin: Trade on Confirmation — Wait for Breakout or Breakdown

I wouldn't blindly short or long BTC today; I trade based on confirmed price action. I want to see a clear daily close above recent resistance before entering a meaningful long, or a decisive break and follow-through below support before initiating a short.

I keep position sizes small and use predefined stop-losses to control risk — typically risking 1–2% of capital per trade — and avoid chasing intraday noise. If volatility spikes without confirmation, I stay sidelined.

Aggressive traders can fade obvious rejections near resistance with tight stops, but most traders should wait for breakout/breakdown confirmation to reduce whipsaw risk.