The weekend is here, and as expected, volume is dropping across the board. Bitcoin tested the key resistance area but has yet to close a daily candle above it.
⚠️ With thinning liquidity, we may see quick pump-and-dump moves over the weekend — typical of low-volume market behavior.
Let’s see how momentum picks up when the new week kicks off. Stay cautious, manage your risk, and watch for key levels!
😨 Investor Sentiment Takes a Hit Despite Shallow Pullback
Even though Bitcoin only dipped to $101K, market sentiment reacted sharply.
🔻 The Fear and Greed Index briefly slipped into Fear territory 📉 Concerns are rising over a potential double-top pattern — similar to what we saw in the 2021 cycle 🤔 Many investors remain cautious, fearing history might repeat
While the drawdown was mild, the psychological impact is real. Watch key levels closely — the next few days are critical for trend confirmation.
Bitcoin has successfully broken above the $108,000 level and is now retesting it as a support zone. This is a crucial area — we might see sideways consolidation here before the next major move unfolds.
Bitcoin Dominance broke the rising wedge pattern in downward direction as expected. Altcoin are showing some upward movement and we may see good rally if BTC remains stable in a range. We may see a drop to the local support area of 61.90%-62.20% in the following week.
BTC is holding firm above the $108,000 level, bringing renewed positivity to the market.
🔹 Price is currently testing the resistance area 🔹 A breakout above this zone could trigger a fresh rally 🔹 Holding this support is crucial for bullish momentum
All eyes on BTC — will it break out or face another rejection?
A market order is an order to instantly buy or sell at the best available price. It is executed based on the limit orders that are already located in the order book, meaning that market orders depend on market liquidity to be completed.
Unlike limit orders that are placed on the order book and wait for someone to execute them, market orders are executed immediately at the current market price. Therefore, when completing a market order in the Binance exchange, you will be paying the trading fees as a market taker.
Since market orders are executed right away, your market order will match the best limit order available on the order book. In other words, if you create a market buy order, it will match the best limit sell orders at the current price. However, if the cheapest limit sell order available is not sufficient to fill your entire market order, your order will automatically match the following limit sell orders until it is finally completed. This process is called slippage and is the reason why you pay higher prices and higher fees with market orders when compared to limit orders.
Market orders are convenient in situations where getting your order quickly filled is more important than getting a certain price. This means that you should only use market orders if you are in a hurry and willing to pay higher prices and fees (caused by the slippage). In other terms, market orders should only be used if you want to buy or sell as quickly as possible, regardless of price and fees.