【0507 Market Analysis and Tone Setting】2/2
IV. On-chain/off-chain data
1. The selling pressure has dropped to a lower selling pressure area. From historical experience, this is a signal of a staged bottom. Buying in batches on the left side at low prices will be a more reasonable operation.
2. The risk factor of $BTC derivatives has reached the dangerous area. This week, the volatility may narrow, with small fluctuations or rising short squeezes.
V. Market Tone Setting and Operation Suggestions
1. The market risks since the big rise at the beginning of the year have been basically released, and a new round of market conditions requires certain external catalysts.
2. There are currently no obvious trend signals in the selling pressure, purchasing power, and demand of $BTC . The overall market sentiment is currently neither good nor bad, and it will take some time to repair. The market will continue to consolidate or a small amount of derivatives short squeezes.
3. Under the promotion of ETF institutions, there is a possibility of large funds entering the market for traditional funds, and the rising market may be caught off guard. Buying in batches on the left side may be the most reasonable operation at the moment.
