BTC: A small bounce?
Hello, my fellow Steemians,
Yesterday was such a critical day for BTC. Jumping straightforward to $6900 then drop to a lower $6250 in just a day. For those who are following tight with stop-loss, yesterday was a dream day to earn. Furthermore, for those who do scalping with margin could face some losses in case of market's downturn.
I would go with little leverage only; enormous leverage can be quite tricky.
A small bounce is expected
Since most of the market is putting their short orders, I would say that BTC has a small tendency to bounce a bit before dropping down to the lower model ($5890 area).
If you are putting in your orders, be sure to work on the stop-loss to avoid any strong movement.
Good luck.
yeah, I'm seeing the same view
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