Matrixport: Will go long on Bitcoin with strict stop-loss measures

ChainCatcher news, Matrixport, a Singapore-based crypto financial services company under Wu Jihan, stated that it will go long on Bitcoin with strict stop-loss measures. Markus Thielen from Matrixport believes that traders should closely monitor the possibility of Bitcoin falling below $25,800, and can implement strict stop-losses when it drops below $25,800 while holding long positions in Bitcoin. Treasury yields may decline, which could boost risk assets, including cryptocurrencies.

Thielen stated, "With strict stop-losses in place, we will go long on Bitcoin, expecting Treasury yields to decrease and U.S. tech stocks to rebound."