Today is a sideways trend
15-minute Trend
Typical fluctuations with a small pullback trend;
Bollinger Bands are narrowing;
KDJ and RSI are moving downward;
Day Trend
Continuing to maintain the downward trend;
MA5 is moving downward and has crossed the MA10 and MA30;
Bollinger Bands are moving downward;
MACD runs below zero axis;
Market Data
The long/short ratio of BTC Futures is 91:100, and the shorts are temporarily dominant;
The outflows of the top ten addresses are much greater than the inflows;
Fear & Greed Index is at 33, indicating panic;
Analysis
Today is a sideways trend, the next step is to choose the direction;
As it has not broken the four hour high, the strategy is to sell short at high prices;
It is recommended to sell short at around 58,000 - 58,500 USDT, and stop loss at 59,000 USDT;
If the BTC price can directly break through 59,000 USDT and stand firm, that’s a sign that the big bull is coming!
Typical fluctuations with a small pullback trend;
Bollinger Bands are narrowing;
KDJ and RSI are moving downward;
Day Trend
Continuing to maintain the downward trend;
MA5 is moving downward and has crossed the MA10 and MA30;
Bollinger Bands are moving downward;
MACD runs below zero axis;
Market Data
The long/short ratio of BTC Futures is 91:100, and the shorts are temporarily dominant;
The outflows of the top ten addresses are much greater than the inflows;
Fear & Greed Index is at 33, indicating panic;
Analysis
Today is a sideways trend, the next step is to choose the direction;
As it has not broken the four hour high, the strategy is to sell short at high prices;
It is recommended to sell short at around 58,000 - 58,500 USDT, and stop loss at 59,000 USDT;
If the BTC price can directly break through 59,000 USDT and stand firm, that’s a sign that the big bull is coming!
Disclaimer
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