BTC price dropped below 30,000 USDT again. According to data, the trading volume continued to shrink, the power of the bull is weak. After falling to 29,500 USDT, the price starts to fluctuate. The long/short ratio of the BTC futures is 0.77. Looking at the 4-hour line, it has not yet bounced back to 30,000 USDT; bollinger band has a trend of opening upward; a small MACD golden cross appears, and shorts continue to increase volume. On the daily line, MFI turned its head down, and OBV has dropped to a monthly low. There is a high probability of dropping.
The trend tonight and tomorrow is very essential. If it cannot effectively bounce back above 31,000 USDT, the drop will accelerate. Trade cautiously at night, mainly short at high prices.
The trend tonight and tomorrow is very essential. If it cannot effectively bounce back above 31,000 USDT, the drop will accelerate. Trade cautiously at night, mainly short at high prices.