Bitcoin traded choppily with weak market momentum. Macro factors and market sentiment weighed on price, lacking a solid directional trend with frequent swings and corrections.
High bond yields dampened crypto investment demand. Monetary policy expectations restricted market liquidity, temporary support failed to sustain steady upside moves.
Technically, price fluctuated within support zone 75000-76500. Downward pressure eased after repeated tests. Major resistance at 78000 held firm and capped short-term rebound space.
Weekly strategy centered on range trading and flexible position switching. Bearish positions were opened early to follow market trend. Long entry plan near support was affected by volatility, waited for further dips toward lower support level.
Long positions were reopened when price hit key support. This approach avoided false signals and matched intraday recovery rhythm. All trades complied with operational rules.
The market stayed in consolidation without dominant trend. Trading was based on support and resistance levels with proper position management. Blind trend chasing was avoided, weekly trading maintained steady performance.
High bond yields dampened crypto investment demand. Monetary policy expectations restricted market liquidity, temporary support failed to sustain steady upside moves.
Technically, price fluctuated within support zone 75000-76500. Downward pressure eased after repeated tests. Major resistance at 78000 held firm and capped short-term rebound space.
Weekly strategy centered on range trading and flexible position switching. Bearish positions were opened early to follow market trend. Long entry plan near support was affected by volatility, waited for further dips toward lower support level.
Long positions were reopened when price hit key support. This approach avoided false signals and matched intraday recovery rhythm. All trades complied with operational rules.
The market stayed in consolidation without dominant trend. Trading was based on support and resistance levels with proper position management. Blind trend chasing was avoided, weekly trading maintained steady performance.
Trade closed: target reached
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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.