BTC's market seems to be about to usher in a turning point tonight. Its price fluctuates around $62,600 for a long time, and various technical indicators also reveal signs of change. It is expected that the market will show a downward trend tonight, and it may step back to the support level near $61,650. Similarly, Ethereum's trend is also similar. It has continued to rise to around $2,650 recently, indicating that the possibility of a callback has increased. It is expected to undergo an adjustment, and then it may accumulate strength again on Monday to break upward.
The current trend of BTC reveals certain signs of inducement to short, which is completely different from the previous performance when it hit $65,000. BTC currently seems to be in a high sideways state, but the specific decline is difficult to predict. Many investors in the market have chosen to short, and a sharp decline is expected, but we must be wary of the dealer's operation strategy, and the results are often unexpected.
In terms of intraday trading, from the analysis of the liquidation map, the power of both long and short sides is currently in a relatively balanced state, and it is difficult to distinguish. However, observing the 30-day liquidation map, it can be seen that the bulls clearly have the upper hand and dominate the price trend.
At present, there is a lack of clear news factors in the market to drive price changes, so the recent market may be relatively flat, and a new trend narrative may not unfold until the end of the month.
