#BTC Bitcoin: Trading in the range of 104/90 – caution first of all!
Currently, BTC is in a narrow range of 104–90. Such a market situation often indicates possible consolidation before a major movement. However, predicting the exact direction of the breakout is not easy, so you must act with maximum caution.
What is important to remember:
1. Risk management.
Never enter a trade without a pre-defined stop-loss. Risks should be limited to a reasonable portion of your deposit (for example, 1-2%).
2. Do not trade emotionally.
Observing a prolonged sideways movement may create a desire to enter "for the sake of action". Avoid impulsive decisions.
3. Confirmation of the breakout.
If the price breaks out of the boundaries of 104 or 90, wait for confirmation of the breakout on volumes to avoid false signals.
4. Diversification of strategy.
Trade in small volumes or use hedging if you have doubts about the market direction.
The cryptocurrency market remains extremely volatile, and the current uncertainty requires discipline. Protect your capital and trade with care.
consciously!
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