Greeks.live: Some Traders Optimistic About Altcoins' Weekend Performance, BTC Key Price Range at $66,000-$67,000
Greeks.live macro researcher Adam released a brief for the Chinese community, noting a division in market sentiment. Some traders are optimistic about altcoins' weekend performance, believing SOL has increased more than tenfold from its bottom, while others warn this might be the last frenzy. The key price range for BTC is between $66,000 and $67,000, with several traders considering this area a concentration zone for short position stop losses.
The performance of altcoins has sparked debate; some argue that large gains in small-cap coins are normal, but some traders point out that calculating gains from the bottom can be misleading, suggesting SOL's greater increase results from its prior larger declines. In terms of market structure, traders have observed that CEXs have many buy orders supporting the price, most of which are withdrawn as the price approaches, indicating that exchanges may be deliberately guiding the price to trigger critical stop-loss levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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