Uncle_Rich

The market has failed to form a bottom so far

BINANCE:BTCUSDT   Bitcoin / TetherUS
15-minute Trend
MA5 is moving downward and has crossed MA10;
MA30 is flat;
Bollinger Bands are about to narrow;
KDJ and RSI are flat;

Day Trend
MA5 is moving downward and has crossed MA10 and MA30;
Bollinger Bands are opening;
MACD runs below the zero axis;

Market Data
The long to short BTC contract ratio is 123:100, with the longs taking advantage;
Fear & Greed Index is at 23, indicating extreme fear;
Seven out of the top ten addresses have inflows and three of them have outflows;

Analysis
The market has failed to form a bottom so far;
You can wait for a clearer trend to emerge;
Radicals can sell short when the BTC price climbs to 42,000 - 42,500 USDT;
The target price is 41,000 USDT and the resistance is 43,000 USDT.
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