Analyst: Bitcoin May Remain Range-Bound, Market Focuses on Powell's Speech This Friday
BlockBeats News, August 19th, CryptoQuant analyst Axel Adler Jr posted, stating, "The futures market sentiment index has dropped to below the neutral zone at 36%. During the period from August 11th to 14th, this index briefly rose to 70% as the Bitcoin price surged to $123,000. Currently, the Bitcoin price is holding at $115,000, and the sentiment index momentum is decreasing: in the index composition, sellers dominate in the short term (net traders and volume difference are negative), while open interest contracts remain neutral. This indicates that the market has transitioned from a state of euphoric sentiment at the peak to a range-bound phase."
This state implies that when the index is still below 45-50%, a rebound may trigger selling pressure, and the price tends to fluctuate in a narrow range. If the index continues to be lackluster during a weak rebound, it may increase the testing of $112,000. The key this week is Powell's speech at the Jackson Hole summit on Friday (economic outlook and framework review), the content of which may determine the future direction of market sentiment."
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
OpenSea's CMO Denies Alleged Coinbase Leak of OpenSea ICO Information
An entity has claimed 20% of the IRYS airdrop through a cluster of 900 wallets, and has already sold $4 million worth.
Solana Ecosystem Meme Coin WOJAK Market Cap Surpasses $60 Million Briefly, Surging Over 38% in 24 Hours
Coinbase Allegedly Posts 'OpenSea Public Sale Next Week' Tweet, Then Deletes It
Affected by the "Alleged Coinbase to Announce OpenSea IPO Next Week" news, the probability of related predictions on Polymarket experienced a sudden change.
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]