Bullish afternoon recovery conditions have already failed. After 14:00, the first full hour closed at 0.07359, then dropped to 0.07293; before 17:00, spot was around 0.07278, with an intraday low of 0.07239. The previously set 0.0736 invalidation condition has been triggered, and the 0.0728 observation level has also been reached; the 0.0754 recovery condition was not triggered, so there was no entry.
Perpetual open interest over the past 24 hours is still down 1.91%, funding rate is around 0.005%, and the long/short account ratio is about 1.03. The verifiable fact is that the price pulled back while positions did not re-expand; my judgment is that the midday rebound lacked new long follow-through, so it is still a weak post-deleveraging recovery for now, not a trend reversal.
The current price has fallen back below the 1-hour EMA20 at about 0.07348 and EMA50 at about 0.07402. Holding above 0.0724 is needed to maintain the range; a full 1-hour close back above 0.0736 would be needed to discuss stabilization, while if 0.0724 is lost, watch 0.0715.#牛来 #日内复盘 #Risk Watch
Perpetual open interest over the past 24 hours is still down 1.91%, funding rate is around 0.005%, and the long/short account ratio is about 1.03. The verifiable fact is that the price pulled back while positions did not re-expand; my judgment is that the midday rebound lacked new long follow-through, so it is still a weak post-deleveraging recovery for now, not a trend reversal.
The current price has fallen back below the 1-hour EMA20 at about 0.07348 and EMA50 at about 0.07402. Holding above 0.0724 is needed to maintain the range; a full 1-hour close back above 0.0736 would be needed to discuss stabilization, while if 0.0724 is lost, watch 0.0715.#牛来 #日内复盘 #Risk Watch