Important Notice 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, do not be fooled!
This is not a real rise; it may just be the calm before the storm!
Now, according to the technical analysis on the 4-hour timeframe, we can see that the price is indeed hovering in this tight 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 field of Bitcoin, and the price rising by 6.8% over the past hours, none of this necessarily means 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 just observing.
The market is unforgiving, and history repeats itself in different ways.
Watch and protect your money.
