Bitcoin's volatility has once again stirred the crypto market. After an impressive surge of 10% to $93,604, the cryptocurrency experienced a reversal, falling 5% to $89,100. This pattern of significant rallies followed by steep declines has caught traders off guard, despite clear warning signs from the Bollinger Bands.
The price failed to sustain a breakout above the middle band on the daily chart, leading to a downward slide and triggering a wave of liquidations. In the last 24 hours, $1 billion in leveraged positions were wiped out, demonstrating the importance of risk management in trading.
Bron: www.tokenpost.com ↗