Greeks.Live: Market Sentiment Diverges, Some Traders Bullish on Altcoin Weekend Performance

BlockBeats News, April 20th, Greek.Live analyst Adam posted on social media, saying, "Market sentiment is divided. Some traders are optimistic about the altcoin's performance over the weekend, believing that SOL has surged more than 10 times from the bottom. However, there are also warnings that this may be the final frenzy. Bitcoin's key price range is between $66,000 and $67,000, and many traders believe this area is a concentration of short liquidation.

Altcoin performance has sparked debate. Some believe that the significant gains in small-cap coins are a normal phenomenon, but some traders point out that calculating gains from the bottom can be misleading, suggesting that SOL's greater increase is due to a larger previous drop.

From a price/exchange rate perspective, comparing the performance of the last bull market peak, BTC is currently performing the best, while ETH's performance from the bear market bottom of $1,000 to the current $1,600 is relatively weaker.

In terms of market structure, traders have observed a large number of buy orders protecting the market on Binance, with most orders being canceled when the price approaches. This shows that the exchange may be deliberately guiding the price to trigger key stop-loss levels."