Cara, a professional trader at Steady Lads, prefers letting the market settle amid Bitcoin’s erratic movements since October, with alternating rallies, false breakouts and pullbacks. Although crypto market capitalization has returned to September levels, he does not identify a sufficiently clear setup to trade Bitcoin, in a dynamic that may recall the 2023 recovery. On Ethereum, he is watching the $2,300 short-term level and the $2,400 daily level, which could change his bullish reading if broken. A position in HYPE illustrates how he selects opportunities, sets profit-taking targets and manages losses. After a new trade failed, the stop-loss was triggered and the portfolio returned to three crypto positions, with 38% held in stablecoins and 62% in cryptocurrencies.
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