1. BTC is about to touch the pressure level
The short-term rebound of BTC is very efficient. If the price continues to rise, it will hit the pressure level of $17246 corresponding to 78.6% of Fibonacci in a short time. From the BTC price performance, there is no indication that the rebound can continue. Until BTC further prompts the price direction, we can continue to pay attention to the trading trend of long-term investors. This part of investors will prompt selling signals if they make profits in the short term.
2. BTC long-term investors short-term flight
At present, long-term investors pay more attention to the rebound trend of BTC, which has significantly increased the selling of these investors. From the current point of view, the profit transfer of long-term investors' currency holdings has increased significantly. The data on November 23 showed that the SOPR index of long-term investors rebounded strongly to 1.4027, that is, long-term investors transferred a large number of BTCs at a profit of 40%. It is judged that the cost price of these investors is at least 12939 dollars.
3. ETH short line retreats to support position
With the continuation of the rebound trend, the evidence of ETH price strengthening from 78.6% in Fibonacci obviously continued. In terms of increase, ETH rebound strength has reached 12.7%. In the near future, not only did the closing point not break, but the strength of the price rebound was quickly formed. From the perspective of the fluctuation space of ETH price range, effective support means that ETH is expected to obtain areas below the upper limit of the range in the near future. The price space of USD 1910 corresponding to 61.8% in Fibonacci is large, which deserves further attention.
4. ADA obviously oversold
The ADA price is currently in a clear oversold state, and it has not continued to rebound strongly in the trend of price decline. Especially after June 2022, the price trend of ADA has maintained a weak consolidation and kept falling in the shock. Even so, the technical rebound is still noteworthy. It was clear that the ADA rebounded after hitting a low of $0.29, paying attention to the increase expectation.
5. High financing interest rate of ADA
Judging from the financing interest rate, the early financing interest rate of ADA has rebounded greatly. Numerically, the financing interest rate on November 10 reached 0.2292%, with a strong peak performance. After November 10, the financing interest rate of ADA has remained strong in the near future, and the average financing interest rate has remained around 0.01%.
