long positions entered during current uptrend are swiftly being “hunted” down, leading to abrupt exits while the prices continues to rally.
The ongoing cycle of long entries followed by swift downturns suggested that traders attempting to capitalize on the uptrend are facing significant risks.This trading behavior prompts the question: with such aggressive targeting of long positions, Analyses of the Short-Term Holders’ SOPR suggested a balanced market sentiment.
The analysis, supported by the 30DMA, showed that while STHs were indeed taking profits, their actions were not indicative of market euphoria.Conversely, the ‘extreme fear’ zones have traditionally been where significant market lows form, offering prime buying opportunities. The period offered an opportunity for strategic investments, with a balanced approach being crucial to navigating the ongoing volatility and capitalizing on the uptrend.Post-elections in the US continued to spark uptick in Bitcoin demand, as indicated by the surging Coinbase Premium Index. This gauge reflected a heightened buying fervor among US traders, sustaining the current bull run.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Bron: KitcoNewsNOW - 🏆 13. / 78 Lees verder »
Bron: CryptoAmb - 🏆 22. / 68 Lees verder »
Bron: CryptoAmb - 🏆 22. / 68 Lees verder »
Bron: KitcoNewsNOW - 🏆 13. / 78 Lees verder »
Bron: CryptoAmb - 🏆 22. / 68 Lees verder »