Bitcoin Trading Near $7200

Hi Friend,

In last 1.5 hours we have seen that bicoin is trading near $7200. It was a good spike from $7038 to $7225 on Binance exchange.

What should be our next step for Bitcoin and Alt coins.

I would suggest if you are a short term traders and bought Bitcoin below $6800 (when $6800 was a rasistance) then you should book your profit and exit from the Bitcoin.

If you are a long term holder like 3-4 months then you can hold this position of Bitcoin and surely you will the profit in long term because that's the best price of Bitcoin if you have bought it below $6800.

What about Alt coins ?
At this time Bitcoin ETF Approval is pending so mass public is looking for a Bitcoin to go up and people are investing in Bitcoin and they believe Bitcoin price will go up if ETf get approved, so for now this is not Alts Session I would not suggest to buy and hold any Alt coin position, however you can do intraday trade if you see a profit and you can gain/earn some Bitcoin with that trade expect (3-5%) growth only in alt coin in intraday and exit. (Trade in Alt coin when you are good with TA)

For now I would suggest do not open any new trade here not long and not short crypto market is in no trade zone here market can go in any direction till Bitcoin breaks $8500 and stay above it.

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Regards
Crypto Money Mantra