One of the primary risk factors in cryptocurrencies is leverage. Currently, Bitcoin finds itself in a region with a high concentration of Longs, indicating potential volatility in the coming days/weeks! We advise investors to make decisions cautiously, always aligning themselves with market sentiment and seeking opportunities with lower levels of risk. Market indecision is not necessarily a negative signal, but leveraging powerful metrics to make decisions can simplify the process.
Even if Bitcoin continues to rise, we believe it's prudent to take profits when witnessing appreciation in the current days. Even if the price keeps going up!
