Is Bitcoin Still a Buy Amid Geopolitical Tensions?
We previously analyzed Bitcoin in our technical reports, and today we provide an update as the price has dropped. Many traders may now be questioning whether it’s time to take profits or close their positions entirely.
Daily time frame analysis
BTCUSD - 1 Day Time Frame
Since our recommended entry, Bitcoin's price has increased by approximately 18%, successfully reaching internal buy-side liquidity. This was an ideal moment for traders to partially withdraw profits.
Currently, the price is undergoing a short-term correction, which might prompt some traders to make hasty decisions. However, corrections are a natural part of market cycles, and this situation is no exception.
When to buy Bitcoin?
To manage your trade effectively, it's important to focus on the weekly support zone, highlighted in blue on the attached chart. If the price closes below this support zone on the weekly timeframe, it may be a signal to sell a portion of your position.
On the other hand, if the candle closes above this support zone, you can confidently maintain your position with the remaining volume.
By staying disciplined and monitoring these key levels, traders can avoid impulsive decisions and navigate Bitcoin’s short-term fluctuations with a clear strategy.
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