🔥 The market direction comprehensively derived from multi-dimensional data has changed from bearish to neutral last week... There are opportunities for both long and short in the overall market. Tonight's#ETHETFperformance and the following PCE data will determine the short-term market trend...
💡Overall market situation: More and more traders are engaging in leverage trading (sentiment begins to turn optimistic), the capital scarcity index turns green again (entering a state of capital scarcity), and the better trading strategy at present is L/S long-short trading. Look for strong tokens to go long and weak ones to go short.
📊 Let’s take a look at the data performance of mainstream currencies:
- $BTC The bullish momentum continues, the bullish chips are concentrated but slightly reduced, the giant whales have no obvious change in position direction, and retail investors are bearish;
- $ETH The concentration of long chips has been significantly reduced, and there are signs of potential giant whales placing short orders. The data is weaker than Bitcoin.
Tonight's #ETH_ETFs_Trading_Today ETF trading day, be sure to continue to pay attention to data changes.
Data Source:blave.org