Uncle_Rich

Long-term holders are increasing

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
15-minute Trend
MA5 and MA10 are moving downward and has crossed MA30;
MA30 is flat;
Bollinger Bands are narrowing;
KDJ and RSI are flat;

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

Market Data
The long-short ratio of BTC contract is 96:100, with the shorts taking advantage;
Fear & Greed Index is 39, indicating panic;
Six out of the top ten addresses have inflows and four of them have outflows;

Analysis
Long-term holders are increasing, which is not good for market circulation;
BTC is trading sideways around 51,000 USDT;
There’s no clear trend;
If there is a drop within the day, can buy long around 49,000 USDT with light volume.
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