š #BTCPridiction : Navigating the Crypto Surge with Strategy š
Bitcoin is currently trading at $118,407, continuing its bullish momentum after recent highs near $120K. With institutional inflows and ETF adoption fueling demand, many traders are eyeing the next breakout toward $125Kā135K. But as always, smart investing means balancing optimism with risk management.
š Stop Loss Strategy:
To protect against sudden reversals, consider placing a stop loss around $106,500āroughly 10% below current levels. This allows room for volatility while safeguarding capital.
š Future Options Trading Insight:
Options traders can explore bull call spreads targeting $125Kā130K strikes for Q3 expiry. This limits downside while capturing upside potential. For bearish hedges, protective puts near $115K can offer insurance if $BTC dips below key support.
š§ Long-Term Outlook:
Analysts remain divided, with some projecting a climb to $135K or even $160K by year-end. Long-term holders should consider partial profit booking near $130K, while maintaining core positions for the next halving cycle.
Bitcoinās journey is far from overāare you riding the wave or watching from the shore?
šš¬ #CryptoStrategy #OptionsTrading #BTC