Just yesterday, following the impressive BTC price rally to over $13,000, I mentioned here to stay ‘feet on the ground.’ Taken from yesterday’s analysis:
“However, such volatility can trigger deep corrections, and 10% surge can quickly end up in a correction of that size to the bearish direction.”
Unfortunate to the bulls, this is precisely what happened. Bitcoin saw a $2,000 daily turnover marking $11,000 as its current daily low (and the price area as of writing this update).
Things are changing very quickly: The volatility level is extreme. An important trading tip on such crazy days is not to trade too much, especially under foggy conditions like we see in those days. The mood can change quickly at any time, any minute. However, some key levels are critical for the…