Bitcoin has strong momentum, breaking out strongly on the daily chart. The pullback to a long position is around 88190, with a stop loss near 87500. I personally prefer contrarian trading and have already positioned for short positions in the 92200-92800 range, with a stop loss at 93100. The target is to wait for a pullback confirmation. The second Bitcoin spike is intense and I prefer not to touch it. However, if the pullback to 3033 occurs, it is a very good long entry, with a stop loss at 3028.
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Bitcoin has strong momentum, breaking out strongly on the daily chart. The pullback to a long position is around 88190, with a stop loss near 87500. I personally prefer contrarian trading and have already positioned for short positions in the 92200-92800 range, with a stop loss at 93100. The target is to wait for a pullback confirmation. The second Bitcoin spike is intense and I prefer not to touch it. However, if the pullback to 3033 occurs, it is a very good long entry, with a stop loss at 3028.