MarsBit invited analyst Conaldo, using a quantitative trading model, reviewed last week's Bitcoin market. He successfully executed two short-term trades with a cumulative return of 6.93%. Conaldo predicts Bitcoin will remain range-bound this week and warns that the current bounce could be a trap, with a second pullback likely. Specific operation strategies have been formulated.
Market Recap: Two Short-Term Trades Yield 6.93%
Last week, MarsBit invited analyst Conaldo reviewed Bitcoin's market using a quantitative trading model. He executed two short-term trades, achieving a cumulative return of 6.93%. Conaldo emphasized that strict adherence to model rules and position management are key in a choppy market.
This Week's Outlook: Range-Bound, Beware of Fake Breakouts
For the coming week, Conaldo predicts Bitcoin will likely remain range-bound. The current rally appears weak, and the market may soon face a second pullback. He advises traders not to chase prices and to focus on key support and resistance levels. Detailed strategies have been released in the MarsBit VIP community.
This article represents the analyst's personal views and does not constitute investment advice. Please make decisions after fully understanding the risks.
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