BTC USD Pair

10 ott 2023

With the BTC/USD pair, we've entered a mid-range area. Our TP1 (take profit level) is here, primarily to secure a small profit. Currently, our bias is short-term bullish. However, we're anticipating two substantial bearish consolidations in the near future. If we observe a robust market reaction, we'll close our long positions and let the market provide new visual cues for its next direction. We prefer to wait for confirmation and take half of the profit rather than blindly selling everything we see. It's crucial to pay attention to the charts. In this mid-range price area, which is a zone of intense price battles, it's essential to highlight that this is also one of the riskiest areas for trading. Consequently, stop-loss orders need to be set at significant levels to manage risk effectively.