#BTC/USDT TA + Altcoin Strategy, Don't Repeat this mistake!!

٢ أغسطس

Welcome to this quick update, everyone.

**BTC Update:**
Yesterday, BTC made a low of 62,300 on Binance but quickly bounced back, closing around 65,354.02 with a beautiful Hammer candle on the Daily chart. While the 4-hour chart still looks bearish, the Daily chart is holding strong around the 63k support level, with the 100 SMA acting as a key support line. This price action is promising.

**My Strategy:**
I'm staying on the sidelines for now, waiting for another Daily candle to confirm if this price action sustains. The Weekly close will provide more clarity. Currently, the market is choppy, which isn't ideal for trading futures. My strategy remains the same; I'm expecting the market to show some fireworks in the next 3-4 weeks. There may be one last dip before a rally, so I'm keeping some USDT in reserve. By the end of this month, I plan to buy 5 strong altcoins that I believe will perform well in the next 6 months. Follow me for the list!

**Trading Advice:**
Don't lose money on futures; this is the best time to build a strong portfolio on spot. If your portfolio is small and you plan to trade futures, make sure you're taking profits on every move. Even the best traders get beaten by the market; the only thing that matters is your position size. If you lose your monthly P&L in a single trade, it simply means you're being greedy and not learning from your mistakes. Don't do this!

I hope this helps! If it did, please hit the like button to support my content and share your views, comments, questions, or chart requests in the comment section.

Thank you, and #PEACE!