Bitcoin has been grinding sideways these past two days with basically no volatility. #BTC hit a high around 80,170 before pulling back, and after retesting 79,600 it didn’t break lower. The range has been about 500 points. As long as the rebound doesn’t firmly hold above 80,000, it won’t be able to rise much even if it wants to.
However, over the weekend, altcoins saw a wave of gains. #bnb led the move, surging to around 780 at its peak before pulling back. BNB’s normal pullback should still be bullish if it can hold around 750, and it should still have room to make a new high.
#ZEC also rallied again, reaching as high as 1,176. This kind of meme coin is really strong. In the live stream I kept telling everyone that if you’re going short, you absolutely should not trade coins like this. Once it breaks to a new all-time high, you never know when it will pull back and then surge again. As for ZEC, if it pulls back and holds above 1,100, the bullish trend will continue. You can buy low on pullbacks and exit if it breaks lower. If the rebound can’t break above 1,180, then don’t chase it, so you won’t get trapped.
However, over the weekend, altcoins saw a wave of gains. #bnb led the move, surging to around 780 at its peak before pulling back. BNB’s normal pullback should still be bullish if it can hold around 750, and it should still have room to make a new high.
#ZEC also rallied again, reaching as high as 1,176. This kind of meme coin is really strong. In the live stream I kept telling everyone that if you’re going short, you absolutely should not trade coins like this. Once it breaks to a new all-time high, you never know when it will pull back and then surge again. As for ZEC, if it pulls back and holds above 1,100, the bullish trend will continue. You can buy low on pullbacks and exit if it breaks lower. If the rebound can’t break above 1,180, then don’t chase it, so you won’t get trapped.
