Today’s market conditions are a perfect storm for Bitcoin ($BTC) traders.
The high levels of leverage and open interest around the current BTC price, combined with the upcoming jobs data, create a highly volatile environment.
Expect a potential $3,000+ price move within minutes, either up or down, leading to billions in liquidations across the crypto market.
For most, today is a day to trade spot or use very low leverage. If you must trade, use only 10% of your intended capital and save the rest for another day.
The market could whipsaw, wiping out leveraged positions before settling into a trend.
It’s nearly impossible to predict these conditions with high margins, so don’t risk it. Stay cautious and live to trade another day.
