A lot of big buyers looking to buy the dip around 54000 - 56000
15-minute Trend
MA5 is moving upward and has crossed MA10 and MA30;
Bollinger Bands are opening;
KDJ and RSI are moving upward;
Day Trend
MA5 and MA10 are moving downward and have crossed the MA30;
Bollinger Bands are about to open;
MACD runs below the zero axis;
Market Data
The long/short ratio of BTC Futures is 71:100, and the bear market is dominating;
Five out of the top ten addresses have inflows and five of them have outflows;
Fear & Greed Index is at 34, indicating panic;
Analysis
Currently, panic mode is dominating the market;
However, there are a lot of big buyers looking to buy the dip around 54,000 - 56,000 USDT;
In the next few hours, there may be a climb in price;
But in the short term, the general trend is still bearish;
Trade cautiously, you can buy long when the price pullbacks to 56,000 - 56,300 USDT;
The target price is around 57,500 - 58,500 USDT, and stop loss at 55,000 USDT.
MA5 is moving upward and has crossed MA10 and MA30;
Bollinger Bands are opening;
KDJ and RSI are moving upward;
Day Trend
MA5 and MA10 are moving downward and have crossed the MA30;
Bollinger Bands are about to open;
MACD runs below the zero axis;
Market Data
The long/short ratio of BTC Futures is 71:100, and the bear market is dominating;
Five out of the top ten addresses have inflows and five of them have outflows;
Fear & Greed Index is at 34, indicating panic;
Analysis
Currently, panic mode is dominating the market;
However, there are a lot of big buyers looking to buy the dip around 54,000 - 56,000 USDT;
In the next few hours, there may be a climb in price;
But in the short term, the general trend is still bearish;
Trade cautiously, you can buy long when the price pullbacks to 56,000 - 56,300 USDT;
The target price is around 57,500 - 58,500 USDT, and stop loss at 55,000 USDT.
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