As the price of Bitcoin slightly rises, the market activity during the weekend has seen a slight increase, but the overall volume growth is not significant. Only investors who bought at recent low levels show a clear willingness to take profits, while most holders remain in a wait-and-see attitude.



However, the market direction may change on Monday. Of particular concern is the CPI data set to be released on Tuesday, which could trigger risk aversion, as current market expectations are not optimistic.

Currently, the decline in trading activity has a limited impact on the price support for Bitcoin. The existing two price support levels are performing steadily, and the seventh support level also seems to be gradually forming. This situation is quite similar to the circumstances when the first, second, and third support levels appeared previously. If this pattern repeats, the market may once again face significant fluctuations.

Overall, investors seem to be waiting for clearer market signals. In the short term, the release of economic data may become a key factor affecting market sentiment. In this uncertain environment, investors need to remain vigilant and closely monitor market trends and changes in macroeconomic indicators.
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ArbitrageBotvip
· 08-11 00:44
Sit on a small stool and watch the market trends.
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LiquidityHuntervip
· 08-11 00:42
I should have said it earlier, I didn't dare to buy the dip halfway up the mountain.
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GasFeePhobiavip
· 08-11 00:31
This CPI is going to cause some trouble again.
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