According to Trader XO, the cryptocurrency market sentiment was predominantly bullish as the weekly close approached on Sunday. The notion of shorting during the retracement phase was widely dismissed, reflecting a strong bullish sentiment. Conversely, earlier in the week, the idea of taking long positions was met with skepticism. This highlights the importance of not letting prevailing market opinions affect trading decisions, as per Trader XO's analysis.

According to Liquidity Doctor (@doctortraderr), the weekly close today is crucial for determining the next movement in the $100-1k$ trading challenge. The analyst suggests that a close below 89.3k would support a potential rise to 74-75k. Traders should monitor these levels for strategic positioning.

According to Mihir (@RhythmicAnalyst), Solana's (SOL) bullish trend remains strong as long as its weekly closing price stays above $145. This threshold is critical for traders to maintain confidence in the upward momentum of SOL. Closing below this level may indicate a potential reversal or correction in the market trend, which could affect trading strategies. Therefore, traders are advised to monitor weekly closing prices closely to assess the sustainability of the current uptrend. [Source: Mihir (@RhythmicAnalyst) on Twitter]