At this level, I’m bullish on BTC. But looking at the long/short position figures—$BTC 2.08 and $ETH 3.13—I’m a little uneasy. The long/short ratio of $ETH is even more extreme, suggesting that market sentiment is volatile and could easily become one-sided.
I’m planning to buy in the 80,000–81,000 range. If it breaks below 79,000, I’ll take the loss. For now, I’m watching 82,000. I wouldn’t risk entering here, especially since market breadth shows only 4/14 coins are up, while the Fear and Greed Index is neutral—suggesting that people are uncertain. According to PANews, Ethereum’s market cap has shrunk by $54 billion over the past three weeks, and deleveraging in the derivatives market is ongoing. This news is affecting market sentiment.
I’m bullish, but I’m not confident, since the market is so fragile. If it falls below 79,000, I’ll try a small short position and see how the market reacts. What do you think the market will do?
#Binance #BTC #ETH
I’m planning to buy in the 80,000–81,000 range. If it breaks below 79,000, I’ll take the loss. For now, I’m watching 82,000. I wouldn’t risk entering here, especially since market breadth shows only 4/14 coins are up, while the Fear and Greed Index is neutral—suggesting that people are uncertain. According to PANews, Ethereum’s market cap has shrunk by $54 billion over the past three weeks, and deleveraging in the derivatives market is ongoing. This news is affecting market sentiment.
I’m bullish, but I’m not confident, since the market is so fragile. If it falls below 79,000, I’ll try a small short position and see how the market reacts. What do you think the market will do?
#Binance #BTC #ETH