Do I recommend copy trading?

Copy trading has several disadvantages:

1- The first problem is that most of them are gambler and do not work with any strategy, and therefore their fate is to lose no matter how long it takes.

2- The other problem is the entry point, the trader opens a long position from a low price, and you copy him and the price has become high, so your entry point is different and thus he makes a profit and you make a loss.

3- It is necessary to have prior knowledge of trading so that you can monitor the copied person and monitor his steps, does he work with a strategy and risk management or is he just gambling?

4- The most important thing to look for is the number of days the person trades + the maximum rate of decline. If he trades for a long time and the rate of decline is very low, then he is considered a professional trader and not a gambler.

#BTCNextMove
According to the latest data, Bitcoin (BTC) is currently trading at around $97,171, down 2.59% in the past 24 hours.

In recent technical analysis, it is noted that the Bitcoin price is facing selling pressure, as it is testing the $95,195 level. It is expected that if this level is broken, the decline may extend to new negative targets starting at $90,750.

On the other hand, some analyses indicate the presence of support levels between $93,887 and $92,122, with expectations of the price rising to targets ranging between $100,220 and $110,267, provided that it holds above the mentioned support levels.

In general, the Bitcoin market is witnessing significant volatility, with expectations varying between continuing the decline or recovering towards higher levels. Investors are advised to monitor key technical levels and make their investment decisions based on accurate and up-to-date analysis.
$BTC