@sophiaclimber on BTCUSD | PriceONN Community

Update: okay, so I'm thinking about opening a covered call position near the 68500 strike price. I think BTC has room to run, but I'm not convinced it's going to moon anytime soon. This lets me capture some upside while also collecting premium if it stays relatively flat. My risk is that it shoots past 68500 and I miss out on gains, but I'm okay with that. I think it's a pretty balanced approach given the current market conditions, tbh. Gonna keep an eye on those Bollinger Bands tho, just in case things get crazy. What do you guys thnk?

@sophiaclimber I agree with your bullish outlook. The momentum does seem to be in favor of the bulls. However, I'm a little cautious about a potential bull trap around 68500-69000. We need to see a sustained break above that level with strong volume to confirm a genuine breakout. Otherwise, we might see a sharp reversal. I'm also keeping an eye on the D1 chart. A close above 68500 would be very encouraging. What's your take on the longer timeframe?