🏧🏧 Trading Ideas for February 6
🚀 Market Analysis: Bitcoin's daily chart has broken below the last defense level for bulls. Currently, there are no reasons or signals to go long at the daily level. We need to adjust our thinking and enter a range consolidation strategy, focusing on the 0.382-0.618 zone for consolidation.
Until we regain the 0.382 level, we will adopt a strategy of shorting at high levels or on breakdowns while fluctuating near the recent price.
💡 Trading Plan:
1. Enter short on signs of a pullback around 98800.
2. Enter short on a breakdown below 96100.