๐จ๐ ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐ฌ ๐ญ๐จ ๐๐๐ญ๐๐ก!๐ธ๐ธ๐ธ
๐ฅ๐จ๐จ๐จGreetings, traders!
First and foremost, congratulations to those who are just entering the market and believe prices only move upwardโthinking that just because the President is involved, all you need to do is buy and hold. The reality, however, is far different.
For the past month, Iโve been consistently advising caution on altcoins, urging traders to exit while prices were still favorable. Some doubted this strategy, but as predicted, BTC faced rejection at a critical level. If you check my pinned post, youโll see that on February 25, I highlighted the importance of taking profitsโshortly after, BTC dropped from $92,100 to $83,000, rewarding those who paid attention. Key level to watch now? $86,800. Unless BTC sustains over this mark for at least 36 hours, we are unlikely to see any significant upward move, while $76,732 remains a strong support. Market retracements are natural, and professional traders understand that patience leads to the best entry points.
For the next two weeks, daily and swing trades in altcoins could provide solid opportunities. However, the broader market is preparing for a major shift in about 12 days, with upcoming economic reports like inflation data, GDP updates, and unemployment claims set to impact price movements. The much-anticipated altseason has been delayed, as I previously informed my members. Right now, the best strategy is to buy low and sell high rather than expecting immediate breakouts.
For those engaged in day trading, I recommend a strategic move: open a long position 45 minutes after market open, watch the 1-minute candle chart, and exit after 2 hours and 30 minutes for potential short-term gains. Whether you're a day trader or swing trader, staying informed with accurate signals and key price zones is essential. As always, trade smart, manage risk, and stay ahead of the market!
Your trading companion,
Showdown_Pro
#BitcoinAnalysis" #CryptoSignals #Altcoins #BTCPriceLevels #TradingStrategies $BTC
