15-minute Trend MA10 and MA30 are both moving downward, but MA5 is moving upward; Bollinger Bands are narrowing; KDJ and RSI are both flat;
Day Trend Continuing to maintain the downward trend; Bollinger Bands are opening and moving downward; MACD runs below the zero axis;
Market Data The long/short ratio of BTC Futures is 88:100, and the shorts are dominant; Five out of the top ten addresses have inflows and five of them have outflows; Fear & Greed Index is at 28, indicating extreme panic;
Analysis A clear trend may appear at any time; The strong support is around 46,500 USDT; if the BTC price falls under this mark, then the bear market is coming; The resistance is at 50,300 USDT; The best immediate strategy would still be to sell short at high prices.
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