Close BTC Positions — Risk of Stop-Out Despite Potential Move to 119
I think the BTC signal will unfortunately be stopped out.
BTC can still move up to 119, but that rally doesn't remove the immediate stop risk.
If you are in a BTC position, I recommend closing it to avoid being stopped out.
Analysis
Short-term volatility favors a stop being hit even though price could spike to 119; the downside risk and likelihood of being stopped out appear higher than the chance of a sustained breakout.
Recommendation
Close BTC positions or tighten stops now; avoid initiating new long positions until market structure 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.