The weekend for the broader market is about to be over. The range between 59500-61000 has been grinding for 2 days without breaking out in either direction.
#BTC , the big coin is currently grinding around 60000. Tomorrow morning at 8:00 the weekly line will close. The direction may only become clear after the weekly line closes. Personally, I still feel the market is weak. If the bounce can’t push up above 61000, it’s hard to say the decline will really end. As for 58000, that level can probably still hold for a few more days only. In a few days, the monthly line will also close, and it might break through.
#BTC , the big coin is currently grinding around 60000. Tomorrow morning at 8:00 the weekly line will close. The direction may only become clear after the weekly line closes. Personally, I still feel the market is weak. If the bounce can’t push up above 61000, it’s hard to say the decline will really end. As for 58000, that level can probably still hold for a few more days only. In a few days, the monthly line will also close, and it might break through.