Trader Killa: If Bitcoin drops to between 80,000 and 82,000 USD, will consider rebuilding a 10x long position

Crypto trader Killa posted on platform X that Bitcoin has once again failed to break through $87,000. The 10x long position established based on the expectation of a breakout from the secondary testing high has been stopped out at breakeven.

Due to the failure to break out and the price returning to the entry point, he is currently focusing on the $80,000 to $82,000 range, considering re-establishing a 10x long position. Killa stated that he still holds BTC long positions at $62,600 and $76,400, and there is currently no reason to rush into establishing new long positions. However, he remains bullish and expects the price to rise further. The current market situation is characterized by low cycle fluctuations, while he mainly engages in high cycle trading and emphasizes the importance of risk management.