Given Bitcoin's recent volatility, scalping could be viable if you can capitalize on small price movements. This strategy involves making numerous trades throughout the day to profit from minor price changes. However, this requires quick decision-making and constant market monitoring.
If you anticipate Bitcoin's price to swing back towards a previous high or low, this strategy might work. Look for key support or resistance levels, if Bitcoin tests the 92k level again, buying near this support could be strategic if you believe in an upward continuation, as well as $MicroStrategy(MSTR)$ .
My own TA :
Btc Current support 97k500
Btc Next support 92k
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Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
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Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links: