$BTC continues to rise, touching around $97,400. Bitcoin completely missed my long entry point I established this morning, which is a very bullish signal. If this daily candle closes above approximately $95,600, it will further confirm its strength. How to continue trading in this scenario? In fact, the price is already overextended, and it's too late to go long now. Do you really want to go long immediately? Don't do it—because that's FOMO (fear of missing out), which could lead to significant losses. Right now, the key is to wait for a slight pullback and a clearer pattern to emerge. If you still want to go long, I'd prefer to enter when the price potentially retraces, with a final target at around the $106,000 resistance level. 'If' this happens, it might not occur until next week. Another trading opportunity could be shorting, moving toward my long entry point. But remember, this carries higher risk, as it's a counter-trend move. I would only go short if the price shows very strong bearish market signals and if there's good target liquidity, allowing for potential long retracements. I love this situation—our long-awaited move has finally arrived.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.