Bitcoin is rising with shrinking volume, and the trading volume is not high. Is this a good or bad phenomenon?
Volume is the beginning and the end. The bottom and top of a market will both increase in volume. The starting point of the previous market was the large-volume decline of 25,000 in August last year, which created the bottom.
The starting point of the current market is the large-volume decline of 49,000 in August this year, which is a bottom signal.
And then it is a shrinking rise, which means that people have a consistent understanding of the price and there are not many objections, which is a phenomenon that the market continues to maintain.
So there is no need to worry about the shrinking rise, it is healthy. On the contrary, if there is a large volume, it may be a signal of peaking, indicating that someone has objections to the price and is shipping in large quantities.
At present, my spot/low-multiple contracts are still held steadily and are bullish in the long term. The election in early November and the second interest rate cut are both likely to be positive, especially if Trump wins, then you can consider how to spend your money after you become financially free?