Market Sentiment
1 Market sentiment: BTC breaks through, altcoins rally, mainstream coins follow, altcoins flourish.
2 Plaza sentiment: After a wave of decline, with the whole market bearish, mainstream coins break through with volume, while the plaza continues to short and get stopped out, indicating that trading habits are still following previous bearish trends. In this case, the market will continue to rise without major corrections. When the plaza starts to shift its mindset to long positions, the depth of the correction will increase, and this is when one can start to consider positioning for short positions. The topping model usually involves a false breakout followed by a break below the 20-day moving average, and after a rebound, a second high point emerges with an engulfing candlestick.
1 Market sentiment: BTC breaks through, altcoins rally, mainstream coins follow, altcoins flourish.
2 Plaza sentiment: After a wave of decline, with the whole market bearish, mainstream coins break through with volume, while the plaza continues to short and get stopped out, indicating that trading habits are still following previous bearish trends. In this case, the market will continue to rise without major corrections. When the plaza starts to shift its mindset to long positions, the depth of the correction will increase, and this is when one can start to consider positioning for short positions. The topping model usually involves a false breakout followed by a break below the 20-day moving average, and after a rebound, a second high point emerges with an engulfing candlestick.