15-minute Trend MA5 is moving upward and has crossed the MA10, and MA30 is flat; Bollinger Bands are opening and moving downward; KDJ and RSI are moving upward;
Day Trend Continuing to maintain the downward trend, but the MA5 is getting flatter; Bollinger Bands are narrowing and moving downward; MACD runs below the zero axis;
Market Data The long/short ratio of BTC Futures is 87:100, and the shorts are dominant; Seven out of the top ten addresses have inflows and three of them have outflows, but the amount of outflows is much greater than the amount of inflows; Fear & Greed Index is at 29, indicating extreme panic;
Analysis Still maintain the fluctuating trend; You can keep the strategy of sell short at high prices; In the short term, the support is around 47,500 USDT and the resistance is 51,500 USDT; You can sell short and buy long with light volume in this range.
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