Bitcoin traders are currently divided on the cryptocurrency's market direction, with some predicting further weakness and a potential retest, while others anticipate a rebound as long positions are liquidated. The key price range under scrutiny is between 112 and 130, with many traders employing a dual-sell strategy to navigate the volatile market conditions.
Technical analysis indicates that Bitcoin remains in its second ascending pivot, with expectations of a potential pullback to the 125-130 range once this phase concludes. In options trading, participants are executing dual-sell strategies within the 112-120 range, awaiting confirmation of a type 1 sell signal. Additionally, the SOL zero-cost breakout strategy is gaining attention, as traders seek profit opportunities through narrow-range breakouts.
Bitcoin Traders Divided on Market Direction Amid Volatility
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