Yesterday, bulls dominated the market momentum with a strong rally from the opening. Following a minor pullback, Bitcoin continued its uptrend, reaching a high of approximately 73,850 last night, approaching the previous resistance zone. The narrative reversed in the early morning, with Bitcoin declining all the way down to the 70,500 area. The dramatic price action ultimately benefited the whales.
Today over the weekend, we don't expect a major one-sided move, so we'll treat it as a range-bound scenario. We'll trade around the 70,000-72,000 zone with shorting at highs and going long at lows. If the market breaks out of this range, we'll make adjustments based on real-time market conditions.
3.14 Saturday Bitcoin Latest Market Analysis
Yesterday, bulls dominated the market momentum with a strong rally from the opening. Following a minor pullback, Bitcoin continued its uptrend, reaching a high of approximately 73,850 last night, approaching the previous resistance zone. The narrative reversed in the early morning, with Bitcoin declining all the way down to the 70,500 area. The dramatic price action ultimately benefited the whales.
Today over the weekend, we don't expect a major one-sided move, so we'll treat it as a range-bound scenario. We'll trade around the 70,000-72,000 zone with shorting at highs and going long at lows. If the market breaks out of this range, we'll make adjustments based on real-time market conditions.