There is not enough momentum for both bulls and bears
15-minute Trend MA5 is moving downward and has crossed MA10; MA30 is moving downward; Bollinger Bands are narrowing; KDJ and RSI are flat;
Day Trend MA5 is moving upward and has crossed MA10; MA30 is moving downward; Bollinger Bands are narrowing; MACD runs above the zero axis;
Market Data The long-short ratio of BTC contract is 70:100, with the shorts taking advantage; Fear & Greed Index is 34, indicating panic; Five out of the top ten addresses have inflows and five of them have outflows;
Analysis Currently, there is not enough momentum for both bulls and bears; The market will continue to fluctuate in the short term; Trade cautiously, you can sell short when the price climbs above 48,500 USDT; The target price is around 47,500 USDT.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.