A historic opportunity or a trap for beginners?
The Bitcoin reaching the level of $99,000 is not just a number, but a strong signal of a radical shift in market behavior. But remember: when the market rises quickly, the likelihood of a sudden correction increases. At this critical time, here are the most important tips:
1. Don't act on your emotions: Don't let the fear of missing out (FOMO) drive you to buy at the peak.
2. Monitor momentum indicators like RSI and MACD; if they indicate overbought conditions, be cautious of a reversal.
3. Always use a stop-loss order, especially at these high levels.
4. Consider dollar-cost averaging (DCA): Don't invest all your capital at once.
5. Keep an eye on the movements of whales and exchange wallets; their entry or exit may indicate the upcoming market direction.
Do you think Bitcoin will break the 100K mark soon? Share your opinion!