Has the market stalled?

The bulls of most tokens, including ETH, have significantly declined, while BTC has rebounded close to 70000, and the high point of the correction has gradually increased. BTC maintains strong purchasing power with the support of ETFs. In the past bull market, some tokens would use BTC as a reference. After continuous rises, market makers would evaluate the potential rise process. Judging from the current market performance, 72000 may be a turning point for the entire market. If it breaks through, the bull will return to the market again. If not, many tokens will enter a deep correction.

BTC is less than 20 days away from its halving. Judging from the last three halvings, BTC has experienced a slight correction after the halving and reached new highs within the next six months. Some other tokens have expectations for this.

Judging from the TSB indicator, at the daily level, the bears faced by BTC has not yet strengthened, and the callback has only touched the second wavy curve. If you opened a long position based on the TSB indicator, you can continue to hold it. The bullish trend is not broken.

Therefore, for the crypto market, BTC maintains a healthy long position, but whether it can break through 72000 will affect the entire market in the short term.





Introduction to indicators:

Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.

KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.

Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.

Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.