#BTC $BTC The market has proven once again that charts are king. Take Bitcoin (BTC) for example, the recent volatility is enough to make any novice trader's heart beat faster. But digging deeper into its charts, you will find that these fluctuations are not without reason. Rumors about the approval of ETFs have been affecting market sentiment and causing wild price fluctuations.
However, taking a closer look at the 4-hour candlestick chart, you will notice a clear head and shoulders top formation, suggesting a possible decline. Indeed, with the lower trading volume and the break of the support line, this pattern has been confirmed. This is not the time to look for market news, but to calmly analyze the charts and let them guide you.
The current state of the market reminds us that every trading decision should be based on deep analysis rather than emotional reactions. In this highly volatile environment, chasing quick profits can lead to significant losses. The question now is whether we can identify trends in the charts and develop strategies accordingly, rather than blindly speculating. This is what separates professional investors from market novices.
