The Madman says...
A new week has begun. From the K-line perspective, Bitcoin is still in a high-volume contraction, oscillating. It seems that the probability of choosing a direction this week is still low. Although there are expectations around FTX payouts and Trump's inauguration on the 20th, off-market funds have clearly decreased their momentum around 100,000, and on-market funds have mostly digested the situation. We are temporarily in a weak balanced state, so this week we can expect oscillations between 94,000 and 104,000. Just do some wave trading by buying low and selling high.
After the US stock market opens in the evening, volatility will significantly increase. This weekend has been too boring. For small coins, the profit-making effect is quite poor, and the trading strategy should be cautious, avoiding chasing high prices to go long as much as possible.
Ethereum is still lukewarm, with prices slowly warming up. Just hold on, there will be a correction; it’s just a matter of time.
Recently, going long on altcoins has often resulted in stop-losses. Reflecting on this, it's clear that the current market is not a time to easily go long on strong altcoins, as it is not the season for altcoins. There is neither continuity nor rotation; conversely, Bitcoin and Ethereum have been performing strongly alongside ETFs. We’ll have to wait for the altcoin season.
Statement: The article only represents the author's personal views and opinions, and does not represent the views and positions of the blockchain community. All content and viewpoints are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and the blockchain community will not bear any responsibility for any direct or indirect losses incurred by investors' trading.
"[The Madman says Trend] Bitcoin will oscillate between 94,000 and 104,000 this week, doing wave trading by buying low and selling high." This article was first published on (Blockchain Community).
