#BTCvsMarkets

If you notice that the price of Bitcoin is moving for two or three days within a limited range between $92,000 and $93,000 and $94,000, don’t be fooled!

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

Now, based on technical analysis on the 4-hour frame, we observe that the price is indeed rotating in this narrow range without any clear breakout upwards, just as it happened previously when the price reached $95,000, and then suddenly the 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 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, exit the market immediately and start