Market Review & Quantitative Trades
Invited analyst Conaldo conducted a retrospective analysis of Bitcoin's price action last week using his quantitative trading model. He successfully executed two short-term swing trades, achieving a total profit of 6.93%. Despite the recent bounce, his model indicates that bullish momentum remains weak and a retest of lower support levels (a second leg down) is highly probable.
Outlook & Strategy for This Week
For the current week, Conaldo predicts that Bitcoin will trade within a defined range. He cautions traders not to be deceived by the temporary relief rally and instead suggests implementing range-bound trading strategies with strict risk management. The priority should be to avoid being caught on the wrong side when the potential second leg unfolds.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.