$BTC

Bitcoin (BTC) is the first and most well-known cryptocurrency, but it's important for novice traders to remember: it is not just "digital gold," but an asset with high volatility. This means that its price can change dramatically over a short period. For example, in one day, BTC can rise by 5%, and the next day, it can fall by 8%.

A useful tip for beginners is to start by studying support and resistance levels. These are key price levels where the price of Bitcoin often reverses. If BTC cannot break through a certain level upwards for a long time — that is resistance. If it does not fall below a certain mark — that is support. Understanding these levels helps in planning purchases and sales.

Another useful practice is setting stop-loss orders. These are automatic orders that limit your losses in case of a price drop. Without them, beginners often lose more than they are prepared for.

Also, do not invest everything at once. Use the DCA (Dollar-Cost Averaging) method — regular purchases of a fixed amount. This reduces risks from short-term volatility.