Expect Stop-Out on Bitcoin — Close Positions Despite Possible Rally to 119
I think the BTC signal is weak and we will unfortunately get stopped out.
Bitcoin could still rally up to 119, but that doesn't change the risk profile.
If you're currently in a BTC position, I recommend closing it to avoid the stop-loss.
Analysis
Near-term downside risk appears likely and could trigger stop-losses even if Bitcoin stages a short rally toward 119; the setup favors risk management over chasing upside.
Recommendation
Close existing Bitcoin positions to avoid being stopped out and avoid initiating new longs until the risk/reward 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.