$BTC fell below the 82,000 level.
Let’s use this figure to talk about key price levels.
A lot of stop-loss orders tend to cluster around these levels. Once the price breaks through, those stops are triggered all at once, and volatility can suddenly increase.
It’s common for the price to break through a level and then fall back, so many people wait for confirmation at the close rather than jumping in the moment it breaks through.
The same reading can mean very different things in different market conditions, so don’t apply a single rule mechanically.
#BTC
Let’s use this figure to talk about key price levels.
A lot of stop-loss orders tend to cluster around these levels. Once the price breaks through, those stops are triggered all at once, and volatility can suddenly increase.
It’s common for the price to break through a level and then fall back, so many people wait for confirmation at the close rather than jumping in the moment it breaks through.
The same reading can mean very different things in different market conditions, so don’t apply a single rule mechanically.
#BTC