BTC Market Latest Update :
👉 I regret to inform #bitcoin holders that the bearish market has now begun. Therefore, I recommend BTC holders to sell their BTC in the bear market and consider buying back during a bullish market, which may last for 2-3 days. The decision is yours to make.
👉 $BTC has entered a strong bearish momentum. I hope everyone is trading safely. BTC has failed to break the resistance at 28,018 and faced rejection four times. This suggests that there are many sellers at the resistance level, making it difficult for buyers to dominate the BTC market.
👉 You can observe in the chart that a strong bearish momentum has started after the close of that candle. This indicates the presence of a strong bearish sentiment in the market. Therefore, my suggestion is not to buy BTC in a bear market and not to hold long positions.
👉 I recommend considering short positions with proper risk management. #BTC needs to reach the support level at 27,333.5 before there's a possibility of a bullish reversal. Therefore, BTC holders should stay away from the bear market.
👉 Today, I provided a BTC trade and also suggested a Take Profit at 27,660. Unfortunately, the market dropped only to 27,671 and did not reach our target. Now, everyone can hold their BTC short positions because it may drop to the support level at 27,333.5. So, our target should be reached soon. If you prefer, you can set a Stop Loss at 28,098 (-60%), which would be a prudent move.
👉 I always recommend using leverage up to x100. The leverage itself doesn't matter; what matters is your choice of margin. Before entering a trade, calculate your risk based on your chosen margin. If you use a $100 margin, you can open trades worth up to 10,000 USDT. If the market drops by 1%, your profit would be +100% ($100).
👉 I hope all our information is useful to everyone. If you find it helpful, consider giving your appreciation or a tip and liking this post.
Good night and sweet dreams. Let's reconvene tomorrow.
Author(X&T) : KingofBTC2024
👉 I regret to inform #bitcoin holders that the bearish market has now begun. Therefore, I recommend BTC holders to sell their BTC in the bear market and consider buying back during a bullish market, which may last for 2-3 days. The decision is yours to make.
👉 $BTC has entered a strong bearish momentum. I hope everyone is trading safely. BTC has failed to break the resistance at 28,018 and faced rejection four times. This suggests that there are many sellers at the resistance level, making it difficult for buyers to dominate the BTC market.
👉 You can observe in the chart that a strong bearish momentum has started after the close of that candle. This indicates the presence of a strong bearish sentiment in the market. Therefore, my suggestion is not to buy BTC in a bear market and not to hold long positions.
👉 I recommend considering short positions with proper risk management. #BTC needs to reach the support level at 27,333.5 before there's a possibility of a bullish reversal. Therefore, BTC holders should stay away from the bear market.
👉 Today, I provided a BTC trade and also suggested a Take Profit at 27,660. Unfortunately, the market dropped only to 27,671 and did not reach our target. Now, everyone can hold their BTC short positions because it may drop to the support level at 27,333.5. So, our target should be reached soon. If you prefer, you can set a Stop Loss at 28,098 (-60%), which would be a prudent move.
👉 I always recommend using leverage up to x100. The leverage itself doesn't matter; what matters is your choice of margin. Before entering a trade, calculate your risk based on your chosen margin. If you use a $100 margin, you can open trades worth up to 10,000 USDT. If the market drops by 1%, your profit would be +100% ($100).
👉 I hope all our information is useful to everyone. If you find it helpful, consider giving your appreciation or a tip and liking this post.
Good night and sweet dreams. Let's reconvene tomorrow.
Author(X&T) : KingofBTC2024