Important Notice: All Long Positions Must Use Trailing Stop Loss
Currently, Bitcoin has been continuously rising for 1 month
Any declines have primarily been sideways consolidations
There is a possibility of a further upward breakthrough, but one should avoid pullbacks that could turn profits into losses
Currently, chasing long positions in Bitcoin and Ethereum is not a very correct choice
Attention can be shifted to $DOGE $XRP
These two are currently mainstream cryptocurrencies that have yet to experience a rebound
Many fans are trapped in short positions
For increasing short positions or shorting, one should at least wait for BTC to break below the upward channel to confirm the reversal