As of May 23, 2025, Bitcoin (BTC) is quoting around $110,756 USD, which is down 0.67% from the last close.
The intraday high was at $111,819 and the low was at $110,414.
In order to protect yourself against possible losses, it's important to put pending orders at critical price levels corresponding to market support and resistance points. Latest analysis indicates the $93,000 to $102,500 area has been an important area of trading, with 70% of volume concentrated between these levels. A downwards correction to the lower boundary of this area at $93,000 may represent a buying opportunity if driven by support from bullish demand. Alternatively, a collapse below $93,000 could see a further drop to the $81,000 to $88,400 zone, which was also an area of consolidation between late February and mid-April 2025.
To get real-time information about the BTC/USDT order book and to observe pending orders, you can use tools such as Cryptometer, which offer real-time updates of buy and sell orders. This will help you determine important levels of price where major orders are aggregated, allowing you to take well-informed decisions.
Also, set stop-loss orders slightly below these crucial support levels to limit possible losses in the event of negative market movements.
Note that cryptocurrency markets are extremely volatile, and one should do extensive research and weigh their risk tolerance prior to making any trading choices.