Feeling the market is cold? đ„¶ Open the dashboard and see what the data looks like!
$BTC The chip concentration (HC) is biased toward short-seller concentration, and many traders in the market are shorting Bitcoin. According to previous experience, whenever this data state is reached, it is often a short-term bottom stage. The long-short strength (TI) has more taker buying orders (possibly retail investors) in the short term.
The overall market data is biased towards the bullish side, with the Squeeze Momentum (SM) beginning to turn from short to long, while the Capital Scarcity Index (CSI) also continues to rise đ, indicating that traders have not stopped trading due to the decline in market volatility.
The massive liquidation range for BTC longs is between $57~$54k.
đĄI am still optimistic about the market!
