BTC has never been this regular; swing traders are ecstatic. Just look at its performance this month, with around 106000 as the pivot, it has been consolidating between 102000 and 110000. Every day you can take advantage of the swings, and I've been doing it for a month now 😂
I went long twice at 103500 yesterday, both successfully taking profit at 105200, but I didn't short, because I think at least near 106000 resistance, or a bit more stable around 108000 would be better to short. Shorting at 105000 feels a bit low.
So everyone can clearly feel that the fluctuation range is starting to shrink. The bottom has been raised to 103000 this month, and the top has become 109000. However, it still doesn't affect our daily arbitrage trading, opening positions backed by support and resistance. The odds are good, and if you set a stop loss, leave a bit of room to prevent false breakouts. One trade a day, and in the crypto world, it’s like a walking ATM, only withdrawing and not depositing 🤣
