1、 BTC is on the eve of disk change
In the 4-hour K-line chart, as the short-term amplitude of BTC price narrows, the direction selection signal is further strengthened. At this time, there is a high possibility of short-term changes in BTC, but it is still necessary to confirm the breakthrough direction after the shock is completed.
From the BTC price performance, the price rebound intensity has not expanded, and the trading volume began to shrink gradually in the same period, which means that the market is on the eve of change. Next, the trading direction can be confirmed in combination with the main trend.
2. BTC has realized cost up
The recent low rebound space of BTC is limited, but there are signs of profit taking flight. In particular, the long-term cash holding investors have recently traded BTC with obvious profits, which has to make people suspect the negative impact on the market.
On June 26, the SOPR index value of long-term investors rebounded to the high position of 2.05, which means that the profits of these investors can be as high as 100%, that is, it is 100% higher than the closing price of $21038 on June 26, and its holding cost may be as low as $10500. According to this judgment, the adjustment expectation of BTC may still be strong. A large number of low-priced currency investors fled, and the market was on the eve of a downward change.
3. Eth rebounds to short line pressure level
Eth shrinkage rebounded to near the middle rail of brin line. At present, the pressure on the middle rail of brin line is large. As an important pressure line to continuously limit the price increase, the medium gauge of brin line has played a repressive role since March 2022. The last drop in pressure level occurred in May and is currently an important rebound resistance level. Trading volume chips: the daily trading volume of eth shrank below the equivalent line, which means that the trading heat of investors tends to shrink, gradually approaching the previous period. Therefore, cash holding investors can pay attention to the selling pressure.
4. Eth long short ratio recovery
After investors' enthusiasm for contract trading in eth gradually increased, not only the positions rebounded, but also the long short ratio continued to rise significantly. From a numerical point of view, the recent long to short ratio has remained below 1.1, near the highest level in the past year. At the same time, the current long short ratio remains above 1 on most trading days, which indicates that eth has attracted more buyers in the low price zone, and the long short strength is leaning towards multiple parties. Therefore, in judging the rebound height of ET, if the recent situation of a large number of long positions has not continued, the price rise will continue.
It is worth noting that the longer the long duty cycle of eth is maintained above 1, the stronger the defense line built by bulls will be, and the higher the possibility of price bottoming will be.
