Where is the confidence to go long?
There is no need to worry about "whether it will fall". Now there are three clear signals supporting the long position, and the risks are controllable:
Large funds are "holding the bottom", and the price won't fall: Several major global institutions are buying, an American pension fund increased its position by 800 million US dollars in a single week, the largest Bitcoin ETF has invested 500 million US dollars in three days - these funds will not cause a sharp price drop. When it fell to 106,000, it was pulled back because large funds stepped in to take over. Below 108,000 is basically a "safe zone".
Regulation "doesn't cause chaos", but gives confidence: The EU just set rules for Bitcoin transactions, platforms need to register and the flow of funds should be transparent. Many investors feel that "it's formalized and they can enter now"; although some countries in Asia have inspected illegal platforms, it did not trigger a sharp drop, indicating that the market is not afraid of such minor negative events, and the sentiment is improving.
Ordinary investors are "waiting to buy bottom", and there are buyers: Many people think that from 102,000 to 109,700 is not the peak yet, they are waiting for a correction to around 108,000 to enter, so every time it drops to 108,500, there is buying coming in, it won't keep falling - this is equivalent to adding a "buffer" for the long position, not worrying that after buying, there will be no one to take it over.
Today's Bitcoin Trading Strategy
BTC @ buy :108000-109000
tp:110000-111000
sl:106000
There is no need to worry about "whether it will fall". Now there are three clear signals supporting the long position, and the risks are controllable:
Large funds are "holding the bottom", and the price won't fall: Several major global institutions are buying, an American pension fund increased its position by 800 million US dollars in a single week, the largest Bitcoin ETF has invested 500 million US dollars in three days - these funds will not cause a sharp price drop. When it fell to 106,000, it was pulled back because large funds stepped in to take over. Below 108,000 is basically a "safe zone".
Regulation "doesn't cause chaos", but gives confidence: The EU just set rules for Bitcoin transactions, platforms need to register and the flow of funds should be transparent. Many investors feel that "it's formalized and they can enter now"; although some countries in Asia have inspected illegal platforms, it did not trigger a sharp drop, indicating that the market is not afraid of such minor negative events, and the sentiment is improving.
Ordinary investors are "waiting to buy bottom", and there are buyers: Many people think that from 102,000 to 109,700 is not the peak yet, they are waiting for a correction to around 108,000 to enter, so every time it drops to 108,500, there is buying coming in, it won't keep falling - this is equivalent to adding a "buffer" for the long position, not worrying that after buying, there will be no one to take it over.
Today's Bitcoin Trading Strategy
BTC @ buy :108000-109000
tp:110000-111000
sl:106000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.