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.
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