The price has retreated 1,500-2,000 USDT now. MFI has been in the overbought region for a few days, and OBV has dropped significantly. The overall trend is still not bad and the price has a strong support at 37,000 USDT. In the next stage, long and short will start a fierce battle at 39,000 USDT. Technically, within 15 minutes, MA5 and MA10 turned down; MA30 moved steadily; Bollinger Band opened and RSI and KDJ turned down, indicating that there will be a small drop tonight.
There might be a change in the market tonight, which will affect the market before mid of August. Trade with caution and wait until the trend is clear. A bold move would be to buy long long at low points at night.
There might be a change in the market tonight, which will affect the market before mid of August. Trade with caution and wait until the trend is clear. A bold move would be to buy long long at low points at night.