BTC price began to fall. Looking at the daily line, MFI turned down in the overbought region, indicating that the market trend is changing. At present, the long/short ratio of BTC contract is 0.91, which has changed a lot. In the short term, the fluctuating downward trend is formed, and the bottom would be around 42,500 USDT. From a technical perspective, within 15 minutes, MA5, MA10, and MA30 all turned down; the dead cross was obvious; the Bollinger Band opened downwards; RSI and KDJ are flat, indicating that today’s drop is just a beginning. There will be further declines in the next few days.
Don’t panic right now, the bottom has not yet been completely broken. In the short term, the 43,500 USDT mark is important. Be cautious and wait for more clear trend tonight.
Don’t panic right now, the bottom has not yet been completely broken. In the short term, the 43,500 USDT mark is important. Be cautious and wait for more clear trend tonight.