Bitcoin continues to move in a narrowing range of 53800-55200. The rate of the main cryptocurrency at the time of writing the review is 54,900.
The cryptocurrency market capitalization is 2342 billion, the Bitcoin dominance index is 44.12%.
Bitcoin and altcoins
The weekend began with continued trading and slight growth in Bitcoin. The nearest resistance shelf is now the level 55 200. At the moment, in order to maintain the upward movement, we need to exit and consolidate above this level.
The funding rate is close to zero, the fear and greed index is normal. The price is in the middle of the trading range + it is worth taking into account that we have the close of the weekly candle ahead of us.
We remind you that weekends on the market are days of increased volatility. This means that you should be more careful when opening a position in futures.
And so we continue to work with the trend, observing risk management.
We will keep you informed of all changes.
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