$BTC laid out buy positions around the 80000 level yesterday evening and today, because the sustained weakness overnight means risk is starting to increase.
The most prudent approach is to reduce positions in batches at 80500/81300, and after reaching 81300, defend with cost basis, leaving only a small portion to target 81800-82000 USD.
Whether the market can completely turn strong later will depend on whether 82000 can hold on the daily chart.
The most prudent approach is to reduce positions in batches at 80500/81300, and after reaching 81300, defend with cost basis, leaving only a small portion to target 81800-82000 USD.
Whether the market can completely turn strong later will depend on whether 82000 can hold on the daily chart.
