Bitcoin Bull Run Holds Strong Amid Possible Brief Correction
Bitcoin's bull run continues to hold strong according to trader Longby Heswaikcrypt1. The market is still in an upward trend, but there may be a brief dip before it reaches new heights. This bull run is different from previous ones, and traders should adapt their strategies accordingly.
The STIC indicator is currently giving a positive signal, suggesting that the trend will continue upwards. However, there is still liquidity below, which could potentially attract buyers and lead to a retest of the 61-63k level. Once this level is broken and held, the bull flag will be completed, and the market can expect a new all-time high.
Longby Heswaikcrypt1 recommends activating dual positions to dollar cost average for the bull run, allowing traders to ride the trend while minimizing losses in case of a correction. This strategy seems to be working well so far, with the bulls holding strong despite some volatility.