$BTC Hits $102K! What Smart Traders Do When Prices Soar
When the crypto market skyrockets—like BTC touching $102,992 and BNB crossing $637—it’s easy to get caught in the hype. But real profit comes from strategy, not emotion. Here’s what you must do when the market shoots up:
1. Secure Your Profits (Partial Sell)
Don’t wait for the perfect top. If you bought BTC or BNB at a lower price, now’s the time to sell a portion and lock in profits. Keep some in case the rally continues.
2. Avoid FOMO Buying
If you didn’t enter early, don’t rush in now. Buying during a pump is risky—wait for a healthy dip or consolidation before jumping in.
3. Use Stop-Losses
If you're still holding, protect your gains. Set a trailing stop-loss that follows the price up—this way, if it drops, you exit with profits.
4. Watch the News and Whales
Big pumps usually follow big news. Monitor Binance announcements, institutional buys, or ETF approvals. But also keep an eye on whale movements—they often sell after a pump.
5. Shift Focus to Altcoins
When BTC and BNB pump hard, altcoins often lag behind. You can rotate profits into strong altcoins for the next wave of gains.
In short: Don't just celebrate the pump—profit from it wisely.