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."
Potrebbe interessarti anche
Chi ha guadagnato
Ultime notizie crypto
Trump farà una dichiarazione mercoledì alle 14:30 ET
Dark Pool DEX HumidiFi rilascia le linee guida ICO, round di vendita pubblica a 69 milioni di dollari FDV Vendendo il 2% della fornitura di token
L'indirizzo sospetto affiliato a Ethena ha aumentato le sue partecipazioni in ENA di 46,79 milioni, portando le partecipazioni totali a oltre 450 milioni di ENA.
Trump suggerisce che Hassett assumerà la presidenza della Fed, ancora una volta critica Powell per non aver tagliato i tassi
Tabella di marcia per la quotazione delle monete Aggiunge 5 nuove monete: JUP, PLUME, WET e altro
Assistenza clienti:@weikecs
Cooperazione aziendale:@weikecs
Trading quantitativo e MM:[email protected]
Servizi VIP:[email protected]