Analyst Warns: Bitcoin Bounce Not Sustainable, Beware of Second Retest – Quantitative Model Review and This Week's Strategy

News Editor

2026-06-29 21:31:36

Invited analyst Conaldo used a quantitative trading model to review last week's Bitcoin market, successfully executing two short-term trades with a cumulative return of 6.93%. This week, he predicts Bitcoin will remain in range-bound consolidation and cautions investors against the false breakout, suggesting a high-sell-low-buy range strategy while warning of potential secondary retracement.

BitcoinQuantitative TradingMarket AnalysisRange TradingSecond RetestShort-Term TradesReturns

Last Week's Review and Short-Term Gains

Invited analyst Conaldo applied his quantitative trading model to analyze Bitcoin's price action from the previous week. He executed two short-term trades successfully, achieving a combined return of 6.93%. The results underscore the effectiveness of algorithmic strategies in choppy market conditions.

This Week's Outlook and Tactical Approach

Looking ahead, Conaldo forecasts Bitcoin will trade within a defined range. He warns traders not to be fooled by the recent rebound, as a secondary retest of lower support levels remains a distinct possibility. His recommended strategy involves selling into strength near the upper end of the range and buying on dips toward support, avoiding chasing breakouts.

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

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