The market has maintained a bunch of small drops since yesterday, with various bearish news coming out, which has caused quite severe panic. The long/short ratio of the BTC contract is 0.77, and short is dominating the market. According to the 4 hour-line, the market fluctuates slightly; the Bollinger bands are widening; and the RSI and KDJ turn down. In the short term, there will still be a fall.
Now the bearish mood leads the trend more, resulting in the lack of absolute support. 30,000-31,000U will be an important range, short at a high price tonight. the price may drop under 29,000U.
Now the bearish mood leads the trend more, resulting in the lack of absolute support. 30,000-31,000U will be an important range, short at a high price tonight. the price may drop under 29,000U.