#Bitcoin Update on Sunday 01.09.2024
A.O.A and Good Morning to All Brothers and Sisters.
#Bitcoin continues moving in the same place, up and down. The price tried to break the support (Arrow #4) without success, and as long as the price remains above that line, for me, it is still not in a downtrend. But as I said in my last analysis, #Bitcoin tries to bring on limits to traders. That’s why it’s moving in the same place and consolidating well.
What’s Next?
As we have very low volume on weekends and the movement of #Bitcoin is not patent, I suggest waiting until Monday evening to see the final direction of Bitcoin.
#ALTS
#ALTS remain the same. There’s a lot of dumping with #Bitcoin’s bearish movement, and they suffer a lot. My suggestions remain the same for #ALTS: no new trades before Monday. Tighten your stop losses. If you are in profit, move your stop losses to breakeven, and be patient.
I wish you all a very nice weekend.