wait

No Clear Edge: Wait on Bitcoin Today

I can't see live price action here, so I wouldn't take a directional Bitcoin trade without clear structure and confirmation. Today feels like it lacks a clean edge for aggressive long or short exposure.

I would only consider going long on a decisive breakout above immediate resistance with follow-through volume or on a proven retest of a nearby support that holds. Conversely, I'd only consider shorting after a clear breakdown of structure or a strong rejection from resistance with conviction.

For most traders I advise waiting for one of those clear setups and using tight risk management — defined stops, small size, and a plan for how you'll exit if price invalidates the setup.

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Analysis

Price action appears mixed without a confirmed breakout or breakdown; momentum and volume should be the triggers. Without those, both long and short trades carry elevated risk due to potential whipsaw...

Recommendation

Wait for a confirmed setup: go long only on a sustained breakout or successful support retest, and short only on a clear structural breakdown or strong rejection from resistance. Keep position sizes s...

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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