Close BTC Positions — High Stop-Out Risk Despite Possible Move to 119
I see the BTC signal — unfortunately we will likely get stopped out.
Bitcoin could still move up to 119 according to the setup, but the immediate risk of stop-losses is high.
If you are holding a BTC position, I think it's better to close it now to avoid being stopped.
Analysis
The current signal shows elevated downside risk and likely stop-outs even though a short-term rally toward 119 is possible; volatility and poor structure favor protecting capital.
Recommendation
I advise closing existing BTC positions rather than holding for the 119 move; avoid opening new longs until the setup improves.
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.