Bitcoin has recently shown signs of stagnation at high levels. Although it remains in a high-range consolidation, the intraday gains have entered the final stage, forming a divergence signal between volume and price. The probability of a pullback triggered subsequently has significantly increased. Combined with liquidity contraction over the weekend, sharp rises or falls are unlikely. The market is more likely to undergo a slow, sideways decline and correction.
Trading Strategy Bitcoin ranges between 90500-90800, with a target of 89500-88500 Altcoin ranges between 3140-3160, with a target of 3060-3100
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Saturday Bitcoin and Altcoin Strategy
Bitcoin has recently shown signs of stagnation at high levels. Although it remains in a high-range consolidation, the intraday gains have entered the final stage, forming a divergence signal between volume and price.
The probability of a pullback triggered subsequently has significantly increased.
Combined with liquidity contraction over the weekend, sharp rises or falls are unlikely. The market is more likely to undergo a slow, sideways decline and correction.
Trading Strategy
Bitcoin ranges between 90500-90800, with a target of 89500-88500
Altcoin ranges between 3140-3160, with a target of 3060-3100