The biggest crypto currency Bitcoin 
$116,780.90Although the price of the recently created consolidation interval, the Blockchain and derivative market indicators do not give a collective escape signal. The risk models that follow the market are still at zero risk level for the largest crypto currency. Historically, this level prepared the ground for the wave of fresh accumulation after short -term decreases. 2 percent of the withdrawal of 115 thousand 500 dollars despite the descending to the threshold of panic, neither panic sales nor extreme leverage liquidations were seen. Analysts interpret the current price movement as the usual rotation in the upward trend.
The market officially breathed
Current data reveal that the risk indicator is at zero, that is, the market is neither extremely enthusiastic nor panic. During the fall funding rate While remaining neutral open position The volume did not change significantly. This shows that sales depend on portfolio balancing rather than withdrawing leverage positions from the market.
With this Relative power index (RSI) declined to 66 and left the extreme purchase zone and allowed the price to technically breathe. Similar RSI cools have resulted in short -term hand changes in the past, and then new records of new capital entries were seen. This picture supports that sales pressure is far from the investor narrative that is panicked. Crypto investors’ application – the reason will surprise you!
The technical structure shows that the rise trend is preserved
Bitcoin is still moving on the 50 -day moving average and the rising channel that started in May. Short -term Descending Triangle FormationAlthough the break of the lower band gives a signal of weakness at first glance, the protection of $ 113 thousand support indicates that this movement may be a false break.
Low risk perception, neutral leverage balance and strong supports open an opportunity window for strategic investors. Market experts Bitcoin and other crypto currencyThe current calm period defines the calm period as the re -positioning phase of smart capital before autumn. Moreover, experts recall that the next leg tends to sprout exactly during such low volatil periods.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
