The weekly chart closed as expected, with the daily candlestick opening showing no significant fluctuation. Price dipped below the take profit level of 2625, briefly touching 2650 with a long wick before reclaiming a minor loss of 3 points. The 4-hour Bollinger Bands are narrowing, suggesting more sideways movement.

From a broader perspective, turnover rate, trading volume, and sentiment are all lower. There’s still some upward momentum heading into Friday, stabilizing daily indicators and reducing weekend fluctuations. Swing trading on 5min, 15min, and 30min charts could be profitable.

Monday is Presidents' Day in the U.S., meaning an extra day of low activity. No major macroeconomic events next week, except for the Fed’s meeting minutes on Thursday and the University of Michigan inflation forecast on Friday. If inflation exceeds 4.3%, market reaction will be interesting.

BTC turnover and volume remain low, keeping investor sentiment subdued. Key support levels sit between $93K and $98K, with around 1.4M BTC clustered at $97K. Stability depends on holders not panicking. Risk takers can profit from swing trades, while conservative traders should stay cautious.

Final thought: If your winning strategy relies on just holding, it may not be worth it. The best trades should be green from the start. Time to rest.

#BTC #ETH #GateioInto11