Bitcoin Strategy Analysis

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Bitcoin Strategy AnalysisBitcoin / U.S. dollarBITSTAMP:BTCUSDViolet_Trading_StrategyBitcoin previously fell below the 110,000 mark, returning to its previous consolidation zone. Strategically, we recommended opening long positions below this mark, anticipating a rebound. As expected, the market reclaimed 110,000, reaching a high of around 112,400, demonstrating that the short-term trend is correct. So, what should we do next? I believe we should prioritize opening long positions on pullbacks. If the price pulls back to around 111,000, we should open long positions with a target of 112,500. If it continues to rebound, we should hold on and anticipate higher prices.