Consistent with our analysis yesterday, any pick up in the market is all about tricking the market into long. The price also reached the point of 33,500U, and it continues to fall. The BTC contract long/short ratio is 0.78, and shorts are dominant now. In terms of technical indicators, the 4-hour line and all MA lines continued the downward trend; the Bollinger Bands opened downwards; MACD is under zero axis; KDJ and RSI turned downwards. Looking at the 1-hour line, the bulls began to increase volume, and the downward trend has slowed down.
In the short term, we can buy long around 32,000U-32,500U with low volume. If the price drops under 32,000U quickly, we can buy long around 29,000U.
In the short term, we can buy long around 32,000U-32,500U with low volume. If the price drops under 32,000U quickly, we can buy long around 29,000U.