$BTC

If you notice that the price of Bitcoin is moving for a day or two within a specific range between 92000 and 93000 and 94000 dollars, don't be fooled!

This is not a real rise; it might just be the calm before the storm!

Now, according to the technical analysis on the 4-hour timeframe, we observe that the price is indeed revolving in this narrow range without any clear breakout upwards, just like what happened previously when the price reached 95000 dollars, and then suddenly the phase of collective slippage began.

Even with the positive news that came out today, such as Tether and SoftBank announcing a new project in the Bitcoin field, 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" is often a precursor to a sudden drop.

The lesson?

When you see the price swinging without clear progress, get out of the market immediately and start in #BinanceAlphaAlert