I believe many people were chasing highs and lows yesterday! Today, it’s clear that many have been trapped. As mentioned before, do not operate in reverse; wait for definitive signals to choose the right entry point instead of fearing missing out and jumping in directly. This not only results in a low risk-reward ratio but also carries significant risk!!!
The current price of Bitcoin is $107,600, which is about 1,000 points away from the previously mentioned short-term support. We will continue to wait!
Market opportunities are waited for, not chased after. We await our confirmations and signals, we wait for better risk-reward ratios, and we wait for better entry positions!!!
