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Hold long positions in Bitcoin below 63,000.

2026-08-17 13:56:49
Shareshare
Today is Monday, August 17, 2026. There's not much to say; I discussed this in yesterday's article. The market is currently on the eve of a directional decision under low volatility. BTC has been consolidating around $63,000 for nearly five weeks with low volume. The Bollinger Bands are narrowing, the ADX is weak, and implied volatility has hit historical lows, all pointing to an impending breakout. In terms of direction, the news is bearish (geopolitical risks, significant ETF outflows, regulatory uncertainty), on-chain data is weak (exchange inflows, weakening support walls, stablecoin outflows), and funding rates are bearish. An upward move requires a breakout with significant volume above $64,400-$64,500 for confirmation; a downward move below $62,000 could open up space to $60,000. We entered long positions yesterday and are currently holding them, with a small profit. For trading, if Bitcoin retraces below $63,000, we will continue to enter long positions, with a stop-loss at $62,000 and a target of $65,000. ETH is being traded in tandem. I gave my followers multiple trading opportunities over the weekend; they can manage their profits themselves. For collaboration and discussion, please join my group (see my profile for details).
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