Wishing everyone a Happy Spring Festival 🧧🎉㊗️~
The first trading day of the week saw a quick pullback of $BTC , which is expected to reflect the negative market news from last Friday to the weekend. It is anticipated that this week of the Spring Festival will be a special sale week, so seize the opportunity to invest in the cryptocurrencies you are optimistic about!
From the data perspective...📊
The market direction continues to look bearish, and the values have entered a highly bearish state. This situation is not expected to last long. The last time such high values appeared was during the downturn from 01/07 to 01/09, after which the market began to rise...
BTC short positions are concentrated, whales are leaning towards shorts, and the momentum continues, leading to a sideways market. $ETH continues to have concentrated short positions, with decreasing short momentum, and some divergence phenomena may form. For altcoins, I will use the abnormal rise and fall radar and whale alerts to look for opportunities.
For example, $EIGEN #PNUT #Polygon has seen a significant number of market price short orders... Cryptocurrencies with a clear increase in whale OI are worth monitoring for potential long opportunities.
Data Source: blave.org