BTC Short term update
BTCUSD Recent Performance:Stability: BTC has maintained a tight trading range in recent days and weeks.
Volume Reduction: Trading volume has decreased during this phase.
Calmer Volatility: The market has experienced a decrease in volatility.
Anticipated Movement:
Expected Move: We anticipate a potential 10-15% movement in the near future.
Increased Volume: This move is likely to be accompanied by higher trading volumes.
Timing: We expect this shift to occur before the onset of summer.
Observations:
Cautious Approach: We remain vigilant as we consider the possibility of a bear trap.
Noteworthy Situation: If this is indeed a bear trap, it presents an intriguing scenario.
Monitoring Strategies: We continue to closely monitor market dynamics to guide our investment strategies.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.