If you are blindly buying Friday rallies going into the weekend, you might want to reconsider before Monday crushes your portfolio.
Too many traders fall for late-week green candles only to get trapped by low weekend volume and chopped up when the market reverses.
We watched $BTC push aggressively toward $86K heading into Friday close, with both $ETH and $XRP riding the momentum right behind it. On paper, it looks like bulls are completely taking over again.
However, weekend liquidity is notoriously thin and easy to manipulate. While the bulls argue this push has real strength behind it, chasing these moves before traditional market liquidity returns is a trap more often than not. The real directional confirmation only happens when the new trading week officially opens.
Are you treating this move as a confirmed breakout or just another weekend bull trap?
#Bitcoin #CryptoTrading #MarketUpdate
Too many traders fall for late-week green candles only to get trapped by low weekend volume and chopped up when the market reverses.
We watched $BTC push aggressively toward $86K heading into Friday close, with both $ETH and $XRP riding the momentum right behind it. On paper, it looks like bulls are completely taking over again.
However, weekend liquidity is notoriously thin and easy to manipulate. While the bulls argue this push has real strength behind it, chasing these moves before traditional market liquidity returns is a trap more often than not. The real directional confirmation only happens when the new trading week officially opens.
Are you treating this move as a confirmed breakout or just another weekend bull trap?
#Bitcoin #CryptoTrading #MarketUpdate