The whipsaw was in effect early morning in China as the price tested $250 then squeezed higher almost reaching $270 on Bitfinex. After the morning’s theatrics the price settled in a $260-$265 range. The market has proclaimed $250 and $270 as the levels to look for. Better to sit, wait, and watch until the market gives a clear signal as to the new up or down trend.
If the price breaks below $260, sell XBU24H and look to cover below $255 to play the new trading range.
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