Only those who can endure the tedium of consolidation can catch the explosive move when the range breaks. Bitcoin is still moving sideways in a narrow range near the lows. The long positions have already taken profit and exited. Since early this morning, the strategy has been clear: short the rebound. Zhilan’s live trade entered a Bitcoin short at 76220 and took profit at 75511, steadily capturing a 709-point move. Until the range breaks, quick in-and-out trades are the best approach. Follow the weak market structure, and patiently wait for the range to break before trading in that direction.
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