Bitcoin Traders Weigh Entry Strategies Amid Market Fluctuations

According to PANews, Markus Thielen, founder of 10x Research, has highlighted a critical decision facing traders: whether to enter the market immediately or wait for a more favorable pullback opportunity. Thielen advises monitoring Bitcoin's potential retreat to a previous resistance level turned support, specifically below the May high of $111,673, which could present a more attractive risk-reward entry point. Typically, a risk-reward ratio of at least 1:2 is required, making entry near key support levels advantageous. Thielen notes that markets often retest breakout points before significant upward movements, suggesting the possibility of Bitcoin pulling back to $111,673 source: https://www.binance.com/en/square/post/27543983156337?utm_source=BinanceNewsRSS