Experienced Traders Need Your Opinion On My BTC Trade

R

Ratline

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Jun 24, 2026
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Hello Traders

Today I opened a long position on Bitcoin with an entry around 59K and the trade is currently in good profit.

I am considering keeping the position open because Bitcoin dropped quite a lot recently and I believe it may continue recovering toward 65K or even higher.

What do you think? Is there a chance BTC could fall below 59K again or is the bullish momentum strong enough to continue upward?

I'd appreciate your analysis and suggestions. Looking forward to hearing the community's thoughts.

Thanks
 
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Personally I think after the sharp decline over the past few days your entry level is decent.
 
If you entered the market at $59k, that’s a good price as of today. I don’t think the correction will go above $65k anytime soon, but it might drop to $63k–$64k. And according to the narrative, it should continue to fall below $58k.
 
What's your position size, risk, and leverage? what's liquidation price? can't give an actual opinion without those
 
nobody actually knows, but that bear flag pattern people are talking about pointing to 55k is worth watching, nfa
 
Ratline said:
Hello Traders

Today I opened a long position on Bitcoin with an entry around 59K and the trade is currently in good profit.

I am considering keeping the position open because Bitcoin dropped quite a lot recently and I believe it may continue recovering toward 65K or even higher.

What do you think? Is there a chance BTC could fall below 59K again or is the bullish momentum strong enough to continue upward?

I'd appreciate your analysis and suggestions. Looking forward to hearing the community's thoughts.

Thanks
Click to expand...
Nobody can predict how cryptocurrency will go, otherwise we would be making millions. However, in my opinion your timing of your entry is good.
 
Good deal. If you're already making money you might want to protect at least some of it and let the rest run with a stop loss that you're okay with.
 
In my opinion, you should hold your position. The $60k level appears to be a strong support zone, so I believe Bitcoin has a good chance of recovering strongly in the near future.
 
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