Attempting to catch the bottom with long positions resulted in liquidation across the board. The market movements have indeed been difficult to navigate recently. However, from a technical perspective, $BTC can be considered for a grid trading strategy within the broad range of 85,000-95,000. Under volatile market conditions, returns are still achievable.
What's interesting over the past couple of days is that risk-off sentiment has intensified even before the non-farm employment data is released. Bull markets come fast, and corrections are equally swift—this is a normal market reaction. The key is to dynamically adjust positions based on macroeconomic data cycles and avoid being trapped by short-term fluctuations.
Attempting to catch the bottom with long positions resulted in liquidation across the board. The market movements have indeed been difficult to navigate recently. However, from a technical perspective, $BTC can be considered for a grid trading strategy within the broad range of 85,000-95,000. Under volatile market conditions, returns are still achievable.
What's interesting over the past couple of days is that risk-off sentiment has intensified even before the non-farm employment data is released. Bull markets come fast, and corrections are equally swift—this is a normal market reaction. The key is to dynamically adjust positions based on macroeconomic data cycles and avoid being trapped by short-term fluctuations.