Bitcoin Entry Point

vor 6 Stunden

Good evening, everyone. Today, I’d like to discuss the outlook for Bitcoin.
At this point, the market direction remains uncertain, with a roughly equal chance of either upward or downward movement. However, if Bitcoin breaks above the descending blue channel, it could form a double bottom and signal a potential upward trend. Since it has not yet broken out, an immediate entry is not advisable. Nevertheless, if the breakout occurs, it could serve as a trigger to consider opening a long position.

If you enter and the price re-enters the blue channel, it’s wise to quickly cut losses and stay cautious. There’s still a possibility of further decline, so it’s important to assess the situation carefully.