#BTC Bitcoin:
Bitcoin's surge could be signaling the market's next big breakout
Bitcoin has been on a roll lately.
After the strong rally earlier this week, it's been pulling back a bit, and the big question is whether that move was a hoax or a genuine sign of where we're headed next.
Bitcoin has been one of the best indicators of "risk" in this market for years.
When there's a rally, it tells us investors are willing to take risks, and that kind of sentiment is often reflected in stocks.
My approach hasn't changed: I stick with defined-risk trades, making calculated decisions rather than open-ended bets.
If you're stockpiling naked call options in this case, be careful: Bitcoin can move 5% to 10% in an instant, and that's not the kind of environment where you want to have indefinite risk hanging over your head.
This isn't just about Bitcoin trading (in fact, that's the exception, not the rule!). It's about what Bitcoin tells us about the risk appetite and upside potential of the rest of the market.
If this increase is real, we could be seeing the first sign that the market is preparing to continue rising.
I hope this helps.