$BTC
You might expect it to continue rising,
but weekly indicators suggest that the bull market appeared in May and June, and it currently needs to consolidate; it cannot rise directly.
Currently, the spot market is not a good entry point, and contracts show a higher short level and a lower long level on the six-hour Bollinger Bands indicator, but short-selling testing methods should be used. If short-selling testing methods are not applied in contract trading, this indicates a risk of reversal in this direction, so we need to combine them with market analysis to look for entry points.
There are many indicators of a potential market correction soon: negative divergence on the near-term timeframe: this is a strong signal of a potential trend reversal that may be near. The approach of May: the month that usually sees greater volatility in the markets. The closure of exchanges on Friday: may increase the liquidity gap and lead to sharp fluctuations or sudden corrections.
