Uncle_Rich

There is not enough momentum for both bulls and bears

做空
BINANCE:BTCUSDT   Bitcoin / TetherUS
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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