BTC is pulling back to a broken dynamic and may decline further. As you can observe, it is within a downtrend channel, suggesting the possibility of entering a short position. However, it's crucial to practice risk management by not utilizing full margin in the trade. Consider setting a stop loss above 71K to manage potential losses effectively.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.