Important Alert for Beginners in the Market $BTC
If you notice that the price of Bitcoin is moving for two or three days within a specific range between $92,000 and $93,000 and $94,000, don’t be fooled!
This is not a true rise; it may just be the calm before the storm!
Now, according to technical analysis on the 4-hour frame, we see that the price is indeed oscillating within this narrow range without any clear breakout upwards, just like it happened previously when the price reached $95,000, and then suddenly a phase of collective sliding began.
Even with the positive news that came out today, such as Tether and SoftBank announcing a new project in the field of Bitcoin, and the price rising by 6.8% over the past hours, all of this does not necessarily mean that the market is on its way to a strong rise.
On the contrary, this type of "stagnation within a price range" often precedes a sudden drop.
The lesson?
When you see the price swinging without clear progress, exit the market immediately and start just observing.
The market is unforgiving, and history repeats itself in different ways.
Watch, and protect your money.
