15-minute Trend MA5 is moving downward and has crossed MA10; MA30 is flat; Bollinger Bands are about to narrow; KDJ and RSI are flat;
Day Trend MA5 is moving downward and has crossed MA10 and MA30; Bollinger Bands are opening; MACD runs below the zero axis;
Market Data The long to short BTC contract ratio is 123:100, with the longs taking advantage; Fear & Greed Index is at 23, indicating extreme fear; Seven out of the top ten addresses have inflows and three of them have outflows;
Analysis The market has failed to form a bottom so far; You can wait for a clearer trend to emerge; Radicals can sell short when the BTC price climbs to 42,000 - 42,500 USDT; The target price is 41,000 USDT and the resistance is 43,000 USDT.
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