1. BTC volatility decreases
In terms of BTC price trend, the price fluctuation intensity in the daily K-line chart further decreased, and the volatility fell back to 2.99% on May 25, which means that the trend of BTC is becoming more and more stable.
Although the price fluctuation intensity is small, the trading volume remains stable, and the average trading volume after May 14 is higher than that before the decline of BTC. It has to be said that many investors are still enthusiastic about short-term trading. In the case of weak BTC rebound, noteworthy changes have occurred. The price of BTC rose and fell on May 25, but the scale of short position explosion increased unexpectedly and rapidly. It shows that BTC is further away from short-term disc change.
In terms of important segmentation line, the US $28307 corresponding to 61.8% of Fibonacci has not successfully fallen below. Recently, we pay attention to the market performance of the price near this point.
2. The scale of short position explosion rebounded
The scale of short position explosion rebounded unexpectedly. The whole network position explosion value rebounded to $262 million on May 25. Nevertheless, the rise of BTC price on that day was limited. At the same time, the scale of short position explosion of BTC fluctuated little, reaching $21 million on May 25.
With the rapid growth of short positions in the overall market and the increase of positions in the unit price range, the change signal is further upward.
As for the expected upward trend of prices, short positions have increased. If the rebound trend continues in the short term, BTC has a greater opportunity to go down.
3. BTC chain trading volume rebounded
The trading volume on the BTC chain showed signs of rebound, which is the most important rebound signal since BTC retreated sharply in May. There is little room for recovery, but compared with the ordinary price performance, the trading volume on the chain changes more significantly. BTC has been running sideways for two weeks, but the intensity of price fluctuation remains low. The trading volume on the chain rebounded for the first time, which means that there may be a change trend at any time.
4. Eth price shock pullback
With the weekly K-line eth price tottering, the current price range is falling downward. The expected range high is 61.8%, corresponding to $1909, while the range low can reach $1107. In other words, the current market has been in a very critical position, and there is more room to look down after breaking the position. Therefore, for long-term currency holders, it is an important position for position adjustment at present.
