Bitcoin Below $100,000 — Veteran Trader Shares Profit-Taking Strategy

Pseudonymous cryptocurrency trader Jelle shared his portfolio strategy in light of Bitcoin (CRYPTO: BTC) approaching $100,000 and Solana (CRYPTO: SOL) making a new all-time high.

What Happened: The trader took to X to outline his plans for capitalizing on the uptrend of major cryptocurrencies.

Bitcoin:

Gradually reducing BTC holdings by 1% weekly, increasing to 2% weekly after Bitcoin surpasses $100,000. This ensures exposure to gains while mitigating risk as volatility rises.

• Taking profits with a 10% sell-off at peak levels, followed by 2% weekly reductions.

Solana:

Entered SOL …

Full story available on Benzinga.com