WEEKEND CRYPTO MARKET STALL: STRATEGIES AND RECOMMENDATIONS
On weekends, the trading volume in the Bitcoin (BTC) market usually decreases and price fluctuations are in a narrow range. This situation requires the adoption of certain strategies, especially for short-term investors.
According to current market data, the BTC price found support at $97,800 and stabilized above $98,000. Short-term resistance is at $98,500, while the main resistance is at $100,000. This narrow price range makes short-term trading strategies more suitable for weekends.
The decrease in trading volume and reduced liquidity on weekends can increase price volatility. Therefore, it is important to be cautious and set reasonable profit targets when making short-term transactions. It is also important to remember that some exchanges may be out of service due to maintenance work on weekends.
As a result, the slowdown and narrow price ranges in the crypto market during the weekends may present opportunities for short-term trading strategies. However, considering the risks of low liquidity and increased volatility, it is essential to adopt a cautious and disciplined approach.
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES, AWAY FROM SPECULATION❗️ Be sure to do your own research❗️
