Trader Mayne Urges Patience: Key Bitcoin Levels $110k and $93.5k
Trader Mayne cautioned traders against overtrading as Bitcoin grinds through a sideways chop, urging patience until clear levels are established across Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). In his Nov. 13 podcast he highlighted $110,000 as the key breakout level and $93,500 as the breakdown trigger for BTC, recommending traders avoid frequent entries and wait for confirmation before increasing position size. The message is pragmatic: reduce whipsaw risk in range-bound conditions.
Why it matters: BTC’s direction typically influences altcoins, so a decisive move above $110k could re-open bullish momentum for ETH and SOL, while a drop below $93.5k could accelerate downside across the market. Traders are advised to map clear entry and stop levels, manage position size, and resist chasing moves until a confirmed trend bias emerges.