CoinKarma: BTC shows significant turnover and a high-volume bottoming structure, which is a typical short-term bottom signal
According to ChainCatcher, CoinKarma, a cryptocurrency trading indicator analysis platform, posted on social media that technical indicator CVD shows BTC has faced strong selling pressure for several consecutive days after losing key medium- and long-term levels this week, resulting in an accelerated price decline. However, we also noticed that the spot trading volume at BTC daily close has reached the highest level in recent times across multiple trading platforms, indicating significant turnover in the market. This kind of large-scale turnover and increased volume to halt the decline is a typical short-term bottom signal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Uniswap community passes "Uniswap Fee Switch Activation" temperature check proposal
