Currently, BTC is on track for the worst first quarter since 2018.
The first quarter of the year is known for high volatility; in 5 out of the last 13 years, the second quarter also experienced similar gains/losses as the first quarter. Therefore, it can be said that what happens in the first quarter often does not reflect the downward trend in the following quarters based on past price movements. My advice is to mainly follow what the market is saying. Is the market structure trending up or down? Is this trend similar across all timeframes or is there a reversal? That is the only way to navigate this market, especially considering how it has traded over the past 1-2 years, where there hasn't been a clear major trend, only small cycles lasting a few months throughout the year.
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Currently, BTC is on track for the worst first quarter since 2018.
The first quarter of the year is known for high volatility; in 5 out of the last 13 years, the second quarter also experienced similar gains/losses as the first quarter.
Therefore, it can be said that what happens in the first quarter often does not reflect the downward trend in the following quarters based on past price movements.
My advice is to mainly follow what the market is saying. Is the market structure trending up or down? Is this trend similar across all timeframes or is there a reversal? That is the only way to navigate this market, especially considering how it has traded over the past 1-2 years, where there hasn't been a clear major trend, only small cycles lasting a few months throughout the year.