After a sharp rise, Bitcoin (BTC) finds strong support in the range of $108,000 - $109,000. This is great news for those looking for an entry point. In the near future, BTC may stabilize and there won't be sharp movements.
I do not recommend opening short positions, as this carries high risk. On the contrary, there is currently an opportunity for long positions, but with mandatory use of a stop-loss. For example, one could enter at $109,000 and set a stop-loss at $107,000 to protect their funds from possible sharp fluctuations.
Remember that the market situation can change rapidly, and only strict risk management will help preserve your capital.
