Still maintain the fluctuating trend

2021年12月9日

15-minute Trend
MA5 is moving upward and has crossed the MA10, and MA30 is flat;
Bollinger Bands are opening and moving downward;
KDJ and RSI are moving upward;

Day Trend
Continuing to maintain the downward trend, but the MA5 is getting flatter;
Bollinger Bands are narrowing and moving downward;
MACD runs below the zero axis;

Market Data
The long/short ratio of BTC Futures is 87:100, and the shorts are dominant;
Seven out of the top ten addresses have inflows and three of them have outflows, but the amount of outflows is much greater than the amount of inflows;
Fear & Greed Index is at 29, indicating extreme panic;

Analysis
Still maintain the fluctuating trend;
You can keep the strategy of sell short at high prices;
In the short term, the support is around 47,500 USDT and the resistance is 51,500 USDT;
You can sell short and buy long with light volume in this range.