Market Weekly | What is BTC telling us this week?
Overall, this week BTC has shown a high-level consolidation pattern.
Trading volume has been gradually shrinking, indicating that both bulls and bears are waiting.
Typically, there are two ways this kind of formation ends:
1. Trading volume suddenly expands → a direction is chosen
2. Continue ranging until an external catalyst appears
My current view: keep observing until the direction becomes clear.
Only once confirmed is the most effortless approach.
#周报 #BTC #Market Analysis
$BTC $XAUT $HYPE
Overall, this week BTC has shown a high-level consolidation pattern.
Trading volume has been gradually shrinking, indicating that both bulls and bears are waiting.
Typically, there are two ways this kind of formation ends:
1. Trading volume suddenly expands → a direction is chosen
2. Continue ranging until an external catalyst appears
My current view: keep observing until the direction becomes clear.
Only once confirmed is the most effortless approach.
#周报 #BTC #Market Analysis
$BTC $XAUT $HYPE