Today's market analysis
Currently in a symmetrical triangle
The symmetrical triangle is a common graphic pattern that indicates market uncertainty and the lack of a clear trend direction. It consists of two converging trend lines, one connecting a series of lower highs and the other connecting a series of higher lows. When price breaks through one of the trend lines, a new trend is usually formed.
Both BTC and ETH are currently in symmetrical triangle formations, but specific trend lines and breakout points may vary based on different data sources and time frames. Generally speaking, the direction of the symmetrical triangle's breakthrough is random and depends on the supply and demand forces of the market. Therefore, to judge the high probability trend, it is necessary to analyze it in combination with other technical indicators and fundamental factors.
The hourly obv short position can be in shrinkage
The OBV indicator is a trading volume indicator that mainly measures the strength of buying and selling power and uses trading volume to predict price trends. The OBV indicator is calculated by accumulating or decreasing trading volume based on the rise and fall of stock prices and changes in trading volume.
The hourly level refers to the K-line chart in hourly units, the OBV short volume energy refers to the downward trend of the OBV indicator, and the shrinking state refers to the phenomenon of gradually decreasing trading volume. According to the principle of the OBV indicator, when the currency price drops, the trading volume should also drop. This is normal trend synchronization.
However, if the trading volume shrinks when the currency price falls, this may mean that the selling volume in the market has decreased, the power of shorts is declining, and there may be an opportunity for the currency price to stop falling or rebound. This is a divergence phenomenon of the OBV indicator and is also a buy signal.
Options contracts worth $3.74 billion in BTC and $2.05 billion in ETH will expire and be delivered tomorrow
On January 25, according to Deribit data, BTC options with a nominal value of US$3.74 billion will expire and be delivered tomorrow, with a Put Call Ratio of 0.52 and a maximum pain point of US$41,000.
ETH options with a nominal value of $2.05 billion will expire tomorrow, with a Put Call Ratio of 0.31 and a maximum pain point of $2,300.
