$BTC

#Write2Earn The market recently targeted liquidity between 105Kand105K and 105Kand102.5K, eliminating many over-leveraged long positions. Now, the focus shifts to short positions, as there is significant liquidity between 112Kand112K and 112Kand119K that BTC is likely to reach in the next 2–3 days.

Those anticipating a major price drop may be overestimating the situation. Many small traders have already faced significant losses. These sudden downturns can be particularly damaging for cautious traders with limited capital who aim for gradual growth—they can suffer severe impacts that are hard to recover from.

In the last 30 days, we've witnessed 3–4 such downturns, leading to the liquidation of small accounts. If this trend continues, new traders might hesitate to enter the crypto market, despite its growing appeal as a source of supplementary income for students, homemakers, and small business owners.

Conclusion

Ultimately, the current market volatility highlights the importance of risk management and a cautious approach. As the crypto landscape continues to evolve, traders must remain vigilant and adapt their strategies to navigate these turbulent conditions effectively.