Market update

Bitcoin has bounced back from support levels, as I anticipated. This move is primarily driven by short-covering, as many positions were closed over the weekend.

The CME futures market closed at $84,650, and any further upward push could trigger a corrective move to the downside. However, I don’t expect any major directional shifts over the weekend.

Altcoins in general will gradually benefit slightly from this slowdown in trend as I see a bounce on most of them. $BTC $ETH