1.6 Bitcoin BTC Strategy: Bitcoin has been on a strong upward trend these days. It's generally safe to hold without much adjustment, which is very reassuring. However, yesterday it faced resistance at 947 and pulled back. Be cautious here; if the rebound cannot hold above 942, there might be a significant decline. Pay attention to position sizing and avoid giving back gains. Focus on the support around 930-928, which is a short-term critical level. If the price holds above 930-928, continue to go long. Conversely, if it cannot hold at 928, consider looking at the support levels around 910-912.
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1.6 Bitcoin BTC Strategy: Bitcoin has been on a strong upward trend these days. It's generally safe to hold without much adjustment, which is very reassuring. However, yesterday it faced resistance at 947 and pulled back. Be cautious here; if the rebound cannot hold above 942, there might be a significant decline. Pay attention to position sizing and avoid giving back gains. Focus on the support around 930-928, which is a short-term critical level. If the price holds above 930-928, continue to go long. Conversely, if it cannot hold at 928, consider looking at the support levels around 910-912.