Bitcoin Flashes Warning Signs

I've been a big proponent of Bitcoin for years now, but it is always important to keep an open mind. The last few months Bitcoin has not been able to head higher. Now, it has started to break down. I have significantly reduced my position and will exit my entire position if the $98,000 level is broken. My mindset is that I can always buy it back, but my priority at this point is to lock in my gains. If Bitcoin rebases, I will be quick to buy it at higher levels. In addition, if it falls to much lower levels such as $80,000 or even $70,000, I can always look to buy off a bottoming pattern. The key is to avoid the middle ground. When I'm not sure what is happening, I simply step aside. There's no need to be stubborn or a permabull. The market is always right.

Risk right. Sit Tight.

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