24x long here with bitmex, stops at $9300. Let margin call be your stop loss. Hold it all the way to 15~20k.
The risk/reward of entering is beyond redemption.
FED rate cut tomorrow, first time in bitcoin's history.
Bulls only need to go sideways to breakout, bears will have to drill it down $700 to 9k and still no guarantee of breakdown.
For the bears:
is it worth it to be bearish here after its down 30% from highs already?
For the bulls:
Do you really want to enter here, or you want to enter at 10.1k after the confirmation of A&E bottom?
Once this breaks, it will be the last time bitcoin is ever below 5 digits.