Famous Trader Predicts Bitcoin Will Enter a Range-Bound Phase

On September 6, renowned trader Killa stated that Bitcoin typically enters a consolidation phase after significant rises or corrections. The market has recently experienced a strong rally, and a range-bound trading scenario is expected. The current trend has shifted to bullish, and Killa is more inclined to go long during pullbacks. He pointed out that this does not mean one cannot short at the highs of the range, but such actions are considered counter-trend trading and require appropriate adjustments to position size.

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