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Bitcoin may be turning bearish, but this position also offers a very high cost-performance ratio for going long.
Bitcoin here at 72350 is bouncing again, but it hasn't exceeded 73100. A reversal could signal a bearish trend.
If it drops directly, I might chase a little bit. If my recent long position gets stopped out, I will chase a little bit on the short side.
If I still go long here, the stop-loss is at 72280, just over 100 dollars. But the take profit could be 2000 dollars, a 20:1 risk-reward ratio.
$BTC #加密市场上涨