The high point is getting lower and lower, and has fallen to 32,000 USDT. The news that some exchanges are being censored has influenced the price, and the bottom has fallen under 31,500 USDT. The dropping speed is getting faster, and the panic mood has increased in the market. The long/short ratio of the BTC futures is 0.7. From a technical perspective, the 4-hour line shows an obvious downtrend; the Bollinger Band is running downwards; MA30, MA10, and MA5 are arranged in sequence, and KDJ and RSI turning down as well. As for the 1-hour line, the MFI is becoming flat, and it is expected the price will fluctuate around 31,000 USDT.
The bottom has not yet been formed. Those who want to buy the dip have to be patient, because OBV hasn't improved much. Wait for a low point at night, it is expected to be at 31,100 USDT. The bottom would be hard to say if the price falls below 31,100 USDT.
The bottom has not yet been formed. Those who want to buy the dip have to be patient, because OBV hasn't improved much. Wait for a low point at night, it is expected to be at 31,100 USDT. The bottom would be hard to say if the price falls below 31,100 USDT.