sell
Close BTC Positions — Risk of Stop Loss Despite Possible Rally to 119
I expect Bitcoin will unfortunately hit our stop loss and stop us out. It may still rally up to 119, but that doesn't remove the short-term risk.
If you're holding a BTC position, I recommend closing it to avoid being stopped out. It's safer to exit now and reassess after price stabilizes.
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Analysis
Short-term outlook is negative: downside risk appears higher than upside despite a potential push to 119. The risk of being stopped out is elevated, suggesting limited reward for holding current longs...
Recommendation
Close or reduce BTC exposure now and/or tighten stops. Avoid opening new long positions until price shows clear support and reduced volatility.
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.
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