During a crypto bull run, traders should be cautious and avoid the following pitfalls:

1. FOMO (Fear of Missing Out): Jumping into trades due to excitement and the fear of missing gains can lead to buying at peak prices. Stick to a plan and avoid impulsive decisions.

2. Overleveraging: Using excessive leverage can amplify losses. In a volatile market like crypto, this can lead to liquidation of positions.

3. Ignoring Fundamentals: Investing based purely on hype without understanding the project's fundamentals can be risky. Ensure due diligence is done on each investment.

4. Lack of Diversification: Putting all capital into a single asset increases risk. Diversify your portfolio to spread risk.

5. Neglecting Risk Management: Not setting stop-loss orders or ignoring risk management strategies can lead to significant losses. Always have a risk management plan in place.

6. Listening to Unverified Sources: Relying on rumors or advice from unverified social media sources can be misleading. Always cross-check information from reliable and authoritative sources.

7. Ignoring Market Sentiment: Being unaware of the overall market sentiment can be detrimental. Pay attention to news, regulatory changes, and broader economic factors that can impact the market.

8. Short-Term Focus: Getting overly focused on short-term gains can lead to missing out on long-term opportunities. Balance short-term trading with long-term investment strategies.

9. Ignoring Tax Implications: Failing to consider the tax consequences of trades can result in unexpected liabilities. Stay informed about the tax laws in your jurisdiction.

10. Overtrading: Making too many trades can lead to high transaction fees and increased risk. Trade judiciously and avoid unnecessary trades.

By avoiding these common mistakes, traders can better navigate the challenges and opportunities of a crypto bull run. #CryptoTradingGuide #BTCFOMCWatch #BTC☀ #ETHETFsApproved #BullRunAhead