Technical analysis of this week’s crypto trading market
Figure 1: OKEx BTC Long/Short Ratio (Source: OKEx)
While halving remains the primary focus in the medium-term perceptive, data suggests that individual investors and institutional investors have been holding some very different views on bitcoin’s medium-term outlook.
Figure 2: Sentix Bitcoin Strategic Bias Spread vs. Price (Source: Sentix)
Patrick Hussy, Managing Director at Sentix, believes that “private investors had the better nose and prices subsequently moved upwards.” He added that institutional investors could have a lot to revise when the prices of BTC increase.
Figure 3: BTCUSDT — Daily Chart (Source: OKEx; Tradingview)
Figure 4: BCHUSDT 4-Hour Chart (Source: OKEx; Tradingview)
Figure 5: ETCUSDT — Daily Chart (Source: OKEx; Tradingview)
Figure 6: ATOMUSDT — Daily Chart (Source: OKEx; Tradingview)
Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.