$BTC As a cryptocurrency trader, I will share how to identify price breakthroughs, avoid false signals, and manage risks at key price points. In simple terms, it’s about looking at the chart, waiting for confirmation, and controlling risk. How to look for a breakthrough? I first focus on the chart, looking for support and resistance levels, such as historical highs or round numbers (like Bitcoin at $60,000). I will use moving averages and Bollinger Bands to check if these points are reliable. A breakthrough should have significant trading volume, and the candlestick must close firmly, for example, the daily line closing above the resistance level. I also check whether the 4-hour and daily trends align to avoid being misled.
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