Crypto Express

07/14 08:50

BTC : Will the bulls maintain control if the trend

BTC : Will the bulls maintain control if the trend remains weak?

Directional indicators reflected clear buyer dominance, with +DI at 33.12 and -DI lagging at 11.73 at press time. However, the ADX was at just 19.70, signaling weak trend strength overall. 

While bulls clearly control the market, the lack of strong directional force suggests that the rally still lacks full conviction. 

In addition, Parabolic SAR support at $111.6K provides a cushion, but unless ADX begins to rise, the uptrend could stall. 

Therefore, traders should remain cautious as trend strength has yet to catch up with price momentum.

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