Market Sentiment
1 Market sentiment: BTC breaks through, altcoins rally, mainstream coins follow, altcoins flourish.
2 Square sentiment: After a wave of decline and the entire market turns bearish, mainstream coins break through with increased volume, while the square continues to short and gets stopped out, indicating that trading habits still reflect the previous bearish trend. In this case, the market will continue to rise without significant pullbacks. Once the square begins to shift its mindset to bullish, the pullback will deepen, and this is when one can start to consider positioning for short orders. The typical topping model usually involves a false breakout followed by a drop below the 20-day moving average, with a subsequent lower high being engulfed by a candlestick.
1 Market sentiment: BTC breaks through, altcoins rally, mainstream coins follow, altcoins flourish.
2 Square sentiment: After a wave of decline and the entire market turns bearish, mainstream coins break through with increased volume, while the square continues to short and gets stopped out, indicating that trading habits still reflect the previous bearish trend. In this case, the market will continue to rise without significant pullbacks. Once the square begins to shift its mindset to bullish, the pullback will deepen, and this is when one can start to consider positioning for short orders. The typical topping model usually involves a false breakout followed by a drop below the 20-day moving average, with a subsequent lower high being engulfed by a candlestick.