Recently, I've been watching BTC repeatedly confirm resistance around 93,800. After going short the day before yesterday, it's been consolidating in this range—neither breaking upward nor pulling back significantly. It looks like it's accumulating strength or waiting for directional confirmation. The entire market has been quiet in this state, with all altcoins unusually calm.
Then XRP suddenly launched a one-sided rally, and the scene didn't look right. Normally, when BTC rallies, it drives the whole market, with other coins following or even outperforming—that's standard market operation. But when BTC is consolidating like this without moving, suddenly having a coin rip upward regardless of the reason is unhealthy price action.
The risks here are actually quite obvious. Once BTC chooses to move down, those coins that rallied against the trend become bag holders. Conversely, if BTC does break higher, can those coins that pumped early maintain their gains without pulling back? Market fluctuations are the norm, and especially in this rally, there's no obvious volume confirmation accompanying the move—that itself is a red flag.
Even if the market ultimately just pushes blindly higher, I still have to say the old adage—proper position sizing and leverage configuration give you room to operate and room for error. That will always be the fundamentals of trading.
Recently, I've been watching BTC repeatedly confirm resistance around 93,800. After going short the day before yesterday, it's been consolidating in this range—neither breaking upward nor pulling back significantly. It looks like it's accumulating strength or waiting for directional confirmation. The entire market has been quiet in this state, with all altcoins unusually calm.
Then XRP suddenly launched a one-sided rally, and the scene didn't look right. Normally, when BTC rallies, it drives the whole market, with other coins following or even outperforming—that's standard market operation. But when BTC is consolidating like this without moving, suddenly having a coin rip upward regardless of the reason is unhealthy price action.
The risks here are actually quite obvious. Once BTC chooses to move down, those coins that rallied against the trend become bag holders. Conversely, if BTC does break higher, can those coins that pumped early maintain their gains without pulling back? Market fluctuations are the norm, and especially in this rally, there's no obvious volume confirmation accompanying the move—that itself is a red flag.
Even if the market ultimately just pushes blindly higher, I still have to say the old adage—proper position sizing and leverage configuration give you room to operate and room for error. That will always be the fundamentals of trading.