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Analyst: The market is currently on a neutral and short tone, and the current capital flow has not confirmed the market's risk preferences.

Source: Htx
According to Huobi HTX, Cryptoquant analyst Axel Adler Jr released a market analysis and said that the market is currently on a neutral and short tone: Price and derivative flow are both below 50. While taker flows remain negative and weak, any price recovery is more likely to be a return to the fair value of $113,000/30-day zone central area than the beginning of a new trend. In essence, the current capital flow does not confirm the market's risk preferences. The recent bullish scenario is a technical rebound to $113,000 to $115,000, accompanied by stable capital flows. To achieve a market reversal, we need a flow of funds (Flow) above 55 and a price index (Price Index) above 50. Before these conditions arise, the market has the risk of repeatedly testing the lower edge.
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