Currently, there is suddenly a large amount of BTC being withdrawn from exchanges, which is a good sign, because usually after each such large amount of BTC withdrawal will be a short-term increase. It also shows that the price range 18000 - 19000 is accumulated a lot by big players.
The supply of BTC is continuing to plummet, which also shows a positive signal in the next few days. Combined with the strong BTC withdrawal, it signals an end to the sideways BTC price behavior of the past several weeks. There is bound to be a big upheaval to come.
Currently, BTC mining difficulty is reaching a very high level, showing that many miners continue to operate despite the low price of BTC. However, many active miners will result in losses, so small miners will be able to sell off.
The profit rate of short term players is tending to be higher than long term players. But the trend of short-term players is less. Prove that the trader's play is mainly quick profit-taking. This leads to a sharp increase in the price of BTC is unlikely in the near future.
The funding rate fee is now turning positive, because the market is suggesting that at the November meeting, the Fed will be more lenient in raising interest rates, causing the market to expect more long orders.
Trading plan for week 43. BTC price will correct Tuesday and Wednesday to find the 19250 - 19300 support zone and then increase to the 19700 - 20100 zone on Thursday.
The supply of BTC is continuing to plummet, which also shows a positive signal in the next few days. Combined with the strong BTC withdrawal, it signals an end to the sideways BTC price behavior of the past several weeks. There is bound to be a big upheaval to come.
Currently, BTC mining difficulty is reaching a very high level, showing that many miners continue to operate despite the low price of BTC. However, many active miners will result in losses, so small miners will be able to sell off.
The profit rate of short term players is tending to be higher than long term players. But the trend of short-term players is less. Prove that the trader's play is mainly quick profit-taking. This leads to a sharp increase in the price of BTC is unlikely in the near future.
The funding rate fee is now turning positive, because the market is suggesting that at the November meeting, the Fed will be more lenient in raising interest rates, causing the market to expect more long orders.
Trading plan for week 43. BTC price will correct Tuesday and Wednesday to find the 19250 - 19300 support zone and then increase to the 19700 - 20100 zone on Thursday.