Crypto trader Killa said on X that Bitcoin failed once again to break above $87,000, invalidating a leveraged long he had opened on expectations that a second test of the highs would lead to a breakout. He said that 10x long was stopped out at break-even after the breakout failed and price returned to his entry level.
Killa said he is now watching the $80,000 to $82,000 range and may consider opening another 10x long there. At the same time, he noted that he is still holding existing BTC long positions from $62,600 and $76,400, which means he does not see a reason to rush into adding fresh exposure right away.
He added that he remains bullish on Bitcoin and expects the price to move higher over time. In his view, the current market action is a low-timeframe range, while his own approach is focused more on higher-timeframe trading. He also stressed the importance of risk management.
According to ChainCatcher, crypto trader Killa said in a post on X that Bitcoin failed once again to break above $87,000. A 10x long position he had opened on the expectation that a second test of the highs would produce a breakout was stopped out at break-even.
Killa said that with the breakout attempt failing and price returning to his entry area, he is now watching the $80,000 to $82,000 range and may consider opening another 10x long there.
He added that he is still holding BTC long positions from $62,600 and $76,400. For now, he said there is no reason to rush into a new long, though he remains bullish and expects price to move higher. Killa described the current market as low-timeframe consolidation and said his own trading is mainly based on higher timeframes. He also emphasized the importance of risk management.
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