A lot of big buyers looking to buy the dip around 54000 - 56000
15-minute Trend MA5 is moving upward and has crossed MA10 and MA30; Bollinger Bands are opening; KDJ and RSI are moving upward;
Day Trend MA5 and MA10 are moving downward and have crossed the MA30; Bollinger Bands are about to open; MACD runs below the zero axis;
Market Data The long/short ratio of BTC Futures is 71:100, and the bear market is dominating; Five out of the top ten addresses have inflows and five of them have outflows; Fear & Greed Index is at 34, indicating panic;
Analysis Currently, panic mode is dominating the market; However, there are a lot of big buyers looking to buy the dip around 54,000 - 56,000 USDT; In the next few hours, there may be a climb in price; But in the short term, the general trend is still bearish; Trade cautiously, you can buy long when the price pullbacks to 56,000 - 56,300 USDT; The target price is around 57,500 - 58,500 USDT, and stop loss at 55,000 USDT.
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