Coinbase Institutional: Stop ‘Catching Knives’; Wait for Bitcoin Breakout as Fed Ends QT

By Coin Edition
30 days ago
BTC READ CIN
  • The end of QT will favor risk-on assets, including Bitcoin.
  • Several factors led to the sustained decline in Bitcoin price.
  • Current market conditions favor breakouts over the knife-catching trading strategy.

The Coinbase Institutional crypto analysis platform favors breakout trades over knife-catching techniques under the current Bitcoin market conditions. In a recent post on X, the platform highlighted the key factors surrounding Bitcoin’s current price trajectory, noting why a knife-catching technique may not be the best approach for investors at this time.

Read The Full Article Coinbase Institutional: Stop ‘Catching Knives’; Wait for Bitcoin Breakout as Fed Ends QT On Coin Edition.

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