🟢 Bitcoin Still Bullish Above $93K — Don’t Trade with Emotion
I still believe Bitcoin is in a bullish trend as long as it holds above $93,000. The recent drop seems mostly driven by external factors and geopolitical uncertainty. If Iran responds to the U.S. or closes the Strait of Hormuz, there’s a strong chance this short-term downtrend could continue.
But here’s the key: don’t trade emotionally. If you’ve bought spot positions and your stop-loss was hit, it’s okay to exit. You can always re-enter later when conditions improve. The most important part is to trust your analysis and the stop you originally set.
As for futures, I’m personally not trading right now — the market is too reactive to headlines. However, I’ve noticed BTC outflows from exchanges have increased, which is often a bullish long-term sign. This means the price can recover just as fast once fear subsides.
📉 In uncertain times, patience is a strategy too — sometimes watching is better than chasing trades.
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💬 What’s your take on Bitcoin during this geopolitical mess? Let me know in the comments — I’d love to hear your thoughts. 👇
I still believe Bitcoin is in a bullish trend as long as it holds above $93,000. The recent drop seems mostly driven by external factors and geopolitical uncertainty. If Iran responds to the U.S. or closes the Strait of Hormuz, there’s a strong chance this short-term downtrend could continue.
But here’s the key: don’t trade emotionally. If you’ve bought spot positions and your stop-loss was hit, it’s okay to exit. You can always re-enter later when conditions improve. The most important part is to trust your analysis and the stop you originally set.
As for futures, I’m personally not trading right now — the market is too reactive to headlines. However, I’ve noticed BTC outflows from exchanges have increased, which is often a bullish long-term sign. This means the price can recover just as fast once fear subsides.
📉 In uncertain times, patience is a strategy too — sometimes watching is better than chasing trades.
---
💬 What’s your take on Bitcoin during this geopolitical mess? Let me know in the comments — I’d love to hear your thoughts. 👇
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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.
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.