Daily trading guidelines: 2024.5.9
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Bullish signals:
- Short-term: The liquidation chart shows a slight bullish trend.
- Last week's weekly chart closed green, bullish from technical analysis pov.
Bearish signals:
- The buying power on Binance spot has been weak since hitting 73k.
- CME is slightly turning short.
- ETF is seeing outflows.
- The chart in Day timeframe is weak.
- Crypto related stocks are falling.
Neutral signals:
- USD/USDT lending rates overlap.
- Order book: No clear direction.
- Funding rates: No clear direction.
- Whales on Bitfinex buying power drops.
