Last Week Recap
Once more the crypto market traded within a band. However, this time, it is a descending band. Be careful.
For this coming week:
- Market should be continuing its trading within a tight band.
- BTC and the general crypto market may experience a dislocation on the downside.
- Bitcoin hashrate has picked up from June’s low. Hopefully, this will help prop up BTC price. But, we never know.
- For the risk averse, stay on the side and wait for this whole rout to end.
As usual, trade with care. Trade with what you can afford to lose.