Every Smart Bitcoin Trader Is Watching THIS LEVEL now

Is Bitcoin at risk of a deeper correction? It will depend on this level...

Author

Markus Thielen
October 02, 2024

👇1-10) As traders and analysts, we evaluate various scenarios daily. Our analysis can sometimes conflict when faster-moving data suggests different conclusions than slower macroeconomic trends or when a new narrative takes hold before it’s reflected in the data—and vice versa. In this sense, financial analysis is like piecing together a complex, multi-dimensional puzzle that requires constant reassessment.

👇2-10) While a buy-and-hold strategy has historically proven effective for U.S. stock indices and Bitcoin, it hasn’t consistently yielded the same results for equity investors in Europe or Asia. Furthermore, there’s no guarantee that this approach will remain as successful. A great deal is at risk, particularly if the anticipated upside fails to materialize. While it’s too soon to abandon the strategy, we outline below the critical levels where traders should adopt a more cautious stance.

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