In recent days, traders have actively begun to build short positions in Bitcoin within the $117K–$115K range, applying a disciplined approach.
Strategy for Building Short Positions
Traders adhere to a simple yet disciplined strategy, increasing their short positions by 10% each day over a 10-day period. The main goal is to avoid overexposure outside of the 'short zone.'
Importance of the Short Box
Currently, Bitcoin is trading outside the $117K–$115K range, and therefore no new shorts are being added as traders wait for the price to return to this zone. This strategic approach allows for capital preservation and prevents emotional reactions to market fluctuations.
Expectations for Future Actions
If Bitcoin returns to the $117K–$115K range, traders will resume building short positions, increasing them daily by 10%. All focus is currently on the charts, awaiting opportunities for re-entry into the market.
The current strategy of traders demonstrates the importance of patience and a measured approach in cryptocurrency trading, enabling them to respond more effectively to changes in market conditions.
