Analyst Conaldo: Bitcoin Rally May Be a Trap, Second Pullback Risk Persists, Range-Bound Strategy for This Week

News Editor

2026-06-29 14:31:34

Using a quantitative trading model, analyst Conaldo reviewed last week's Bitcoin price action, executing two short-term trades with a cumulative return of 6.93%. He forecasts Bitcoin to remain range-bound this week, warns of a possible second pullback, and outlines corresponding trading strategies.

Last Week Review: Two Short-term Trades Net 6.93% Gain

Guest analyst Conaldo leveraged his quantitative trading model to review Bitcoin's price movements last week, successfully capturing two short-term trading opportunities with a combined return of 6.93%. The model signals demonstrated precise timing of the rebound waves.

This Week Outlook: Beware of Rally Trap, Range-Bound Dominance

Conaldo cautioned that the current Bitcoin rally lacks conviction and the market could see a second pullback at any time. He expects price action to remain range-bound this week, advising traders not to chase highs and to wait for confirmed dips near support levels. Specific trading strategies have been designed around key support and resistance zones.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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