Currently, the region of 96k to 97k is holding up well, which is a local support for Bitcoin. Due to low volume, there is no momentum in altcoins, so I wouldn't recommend scalping at all.
In such conditions, we create swings in quality setups. So, divide your portfolio into 2-3 regions, like the first region being 91k to 92k, which is a good region where I continuously advise you to invest 20% of your portfolio, don't invest more than 20-25% in this range. You can add $CFX, LUMIA, PHB in this range.
The second region is the current price that is $97K, because of the weekend market is slow, but if it holds for the next 2 days then we might see a good altcoin season.
Technically, Bitcoin is forming an Head and Shoulders (HnS) pattern. I've attached an example image of HnS pattern along with the chart. So, BTC must hold that region, otherwise, a possible scenario is that BTC may approach 87k to 80k.
For that reason, I've invested only 25%, and I'll average my swing trades by DCA (Dollar-Cost Averaging) in other regions. Scalping should be avoided for now as 4-7% stops have no value and can be easily hit. It's better to create swings in quality setups.
You as an investor or trader must be ready for every market situation and my duty is to inform you guys about the market movements and the possible scenarios.
THANK YOU!
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