The market is in the extreme fear. However some divergence bullish appear.
1) On Chain Analysis show a strong accumulation on blockhain exchange reserve
2) Entity-Adjusted Dormancy Flow is very near the bottom on 19 july ( we are close to 9%)
3) Tecnical Patter Falling Wedge
4) Positive News: LionTree Could Start Accepting Cryptocurrencies for Services, ETF SPot japanese approved....
5) Put/Call ratio 0.69 bullish (241221), max pain price close to 49k
Worst scenario anothe dropdown of -10%, mild scenario close to max pain price
1) On Chain Analysis show a strong accumulation on blockhain exchange reserve
2) Entity-Adjusted Dormancy Flow is very near the bottom on 19 july ( we are close to 9%)
3) Tecnical Patter Falling Wedge
4) Positive News: LionTree Could Start Accepting Cryptocurrencies for Services, ETF SPot japanese approved....
5) Put/Call ratio 0.69 bullish (241221), max pain price close to 49k
Worst scenario anothe dropdown of -10%, mild scenario close to max pain price
Comentarios:
we are also close to bottom on july of Rerserve Risk indicator bottom july 0.003 today are 0.0031