Last Week Review: Two Quick Trades, 6.93% Profit
Using his proprietary quantitative trading model, invited analyst Conaldo revisited Bitcoin's price action from the previous week. He successfully executed two short-term trades during the bounce, achieving a total return of 6.93%. The model signals indicated that the rally lacked sustained momentum, with no significant buying pressure returning to the market.
This Week Outlook: Range-Bound with a Warning of Second Leg Down
Conaldo expects Bitcoin to remain in a range-bound pattern this week, with clear resistance above and support below. He warned that the current bounce is likely a bull trap, and Bitcoin could experience a second leg down at any time. Investors should abandon chase-the-rally mentality and instead adopt a range-trading strategy of buying low and selling high, while strictly implementing stop-losses.