Uncle_Rich

Better wait until a clearer trend emerges

BINANCE:BTCUSDT   Bitcoin / TetherUS
15-minute Trend
MA5 is moving upward and has crossed MA10;
MA30 is moving upward;
Bollinger Bands are about to open;
KDJ and RSI are flat;

Day Trend
MA5 is moving upward and has crossed MA10;
MA30 is moving downward;
Bollinger Bands are narrowing;
MACD runs above the zero axis;

Market Data
The long-short ratio of BTC contract is 144:100, with the longs taking advantage;
Fear & Greed Index is 45, indicating panic;
Six out of the top ten addresses have inflows and four of them have outflows;

Analysis
Better wait until a clearer trend emerges;
Radicals can go short near 49,600 - 49,800 USDT;
The target price is around 48500 - 48200, and stop loss around 50,500 USDT;
If the BTC price breaks 50,500 USDT then very quickly the price might hit 51,500 USDT.

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