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STAGNATION IN THE CRYPTO MARKET OVER THE WEEKEND: STRATEGIES AND RECOMMENDATIONS
#January Market: Which Altcoins Are Worth Watching?
On weekends, the trading volume in the Bitcoin (BTC) market generally decreases and price fluctuations move within a narrow range. This situation requires the adoption of specific strategies, especially for short-term investors.
#GateOpinionQuest
According to current market data, the BTC price has found support at the level of 97,800 USD and gained stability above 98,000 USD. The short-term resistance is at 98,500 USD, and the main resistance is at the level of 100,000 USD. This narrow price range makes short-term trading strategies more suitable for weekends.
#gateio
The decrease in trading volume and liquidity on weekends can increase price volatility. Therefore, it is important to be cautious when making short-term trades and to set reasonable profit targets. Additionally, it should be noted that some exchanges may be unavailable due to maintenance work on weekends.
#escoin
As a result, the weekend lulls and narrow price ranges in the crypto market can offer opportunities for short-term trading strategies. However, considering the risks of low liquidity and increased volatility, it is essential to adopt a careful and disciplined approach.
#elg
- The information in this article is not investment advice, but is for accurate and up-to-date information purposes. STAY UPDATED FOR REAL, SCIENTIFIC ARTICLES AWAY FROM SPECULATION❗️ Be sure to do your own research❗️