$BTC Bitcoin ($BTC) remains the dominant cryptocurrency, influencing the entire market. Traders analyze its price action using technical indicators like moving averages, RSI, and support/resistance levels. News events, macroeconomic trends, and institutional adoption significantly impact its volatility. Many traders use Bitcoin as a benchmark for altcoin performance. Strategies like swing trading, scalping, and hodling depend on individual risk tolerance. $BTC’s supply is limited to 21 million coins, making it a scarce asset. Halving events reduce mining rewards, historically leading to bull runs. Understanding market sentiment and order book depth can improve trade execution. Always use risk management techniques.
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