Well-known trader: Bitcoin expected to enter range-bound trading, leaning towards going long after a pullback

BlockBeats News, September 6 - Renowned trader Killa stated that BTC tends to enter a consolidation phase after each significant surge or pullback. Given that the market has already experienced a strong rally, he anticipates a range-bound trading pattern ahead.

The current trend has turned bullish, so he prefers to go long on pullbacks. He emphasized that this does not mean one cannot short at the highs of the consolidation range, but it should be clear that such moves are counter-trend trades and position sizing should be adjusted accordingly.