MarsBit's featured analyst Conaldo has reviewed Bitcoin's recent market movements using a quantitative trading model. Last week, he successfully executed two short-term trades, achieving a cumulative return of 6.93%. He cautions that the current bounce may be misleading, as Bitcoin is at risk of a secondary decline (double dip).
For the coming week, Conaldo predicts Bitcoin will remain in a range-bound consolidation pattern. His strategy involves reducing positions near the upper boundary of the range and accumulating near the lower boundary, with strict stop-loss measures in place. The analysis is based on real-time tracking of market momentum, capital flows, and technical indicators via the quantitative model.
Conaldo emphasizes that the probability of a second leg down is high, with insufficient rally volume being a key warning sign. He advises traders to monitor critical support and resistance levels closely and avoid complacency despite recent gains.