Monday starting a promising week ahead? I don't think so..

After Saturday's Doji candlestick, the crypto market is showing signs of uncertainty. Technical analysis indicates a lack of strong signals for a significant uptrend.

Key Indicators:

- RSI (83) suggesting potential correction.

- The absence of major data releases on Sunday and Monday may lead to a narrow trading range.

- The nearest resistance at 94.5K needs to be broken to trigger further upside.

Influencing Factors:

- Asset management's buying activity indicates confidence in the market.

Conclusion:

Based on the analysis, a correction in BTC could lower RSI and liquidity, potentially shifting focus to altcoins. Without strong positive catalysts, the market may trade within a narrow range this week.

Maybe we could get some strong uptrend signal on Wednesday ? Maybe not,.. no body knows 😕.

Buyers beware, Monday might be not good

Disclaimer: NOT FINANCIAL ADVISOR