#vulta #First Trading Rule:

Monitoring Market Leaders in the Cryptocurrency Market

When building a profitable trading strategy in the cryptocurrency market, the importance of monitoring market leaders comes to the forefront. Bitcoin is considered the primary market leader. Although other coins such as Ethereum may influence prices, the main focus should be on Bitcoin's movements.

When Bitcoin experiences a price increase, it is an indicator of a market rise overall. Conversely, if Bitcoin sees a decline, it may signal a market downturn. Traders should be aware that Bitcoin's movements can impact all other currencies in the market.

Therefore, it is advised to regularly follow Bitcoin's movements and use it as a primary indicator for making trading decisions, enabling traders to achieve better results and reduce risks in the cryptocurrency market environment.