How do you view the market trend over the weekend? Bitcoin has now stabilized above $67,200, which means that altcoins may see a volatile upward trend.
I use $67,200 as a unified dividing line. But it should be noted that liquidity is usually poor on weekends, which is a common phenomenon, but not unchanging.
In the absence of liquidity, the trend of altcoins will usually depend on the position of Bitcoin.
If the current price of Bitcoin is between support and resistance, then the bullish view of altcoins may lead to a volatile upward day trading strategy.
On the contrary, if the price of Bitcoin is below $67,200, altcoins may move towards a volatile downward day trading route.
Therefore, the key is to observe the actual position of Bitcoin rather than simply predict the market trend out of thin air. Keeping this in mind can help you make more effective trading decisions on weekends.
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