Bitcoin is still at its safe zone but breaking below $108K will be dangerous and the next target will be $105K and then $100K. Many investors are worried about their investments and they are looking a safe side to exit.
One thing to keep in mind that never be invested without check and balance. Keep on checking the market trend and do analysis on daily basis to get idea about the market movement.
According to 1D time frame, Bitcoin is at range bound. The strong support is $108K and the resistance to breakout is $112K. Until the market is within this range you can keep your investments hold and keep on trading.
Buying at $108K levels will be safe and keep on selling at $112K. Also keep in mind that if BTC breaks $108K level then exit immediately because it will go down further and in this way you will avoid further loss.
Right now, BTC is at $110300 which is considered as safe zone. If you have holding then try to sell 50% when BTC reaches its resistance level and if you want to buy wait for the support level to test.
I hope this post will be informative for the traders and investors. Best of luck!
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
