Is the bull market still here? Despite the overall market weakness, data can still be used to identify short-, medium-, and long-term rebound and reversal opportunities. Since hitting a record high in mid-August, $BTC has failed to sustain its upward momentum. As of press time, it has retreated over 10% from its peak. CoinKarma, using cyclical and sentiment indicators, indicates that $BTC has yet to show a clear peak in the medium to long term. Therefore, the following analysis will use relevant data to identify rebound/reversal opportunities in the short-, medium-, and long-term markets. The following analysis uses the Karma Index and Market Pulse. ✳️ Market Pulse: A weighted composite calculation of CoinKarma's 11 indicators. ✳️ Karma Index: A comprehensive cyclical indicator quantified by CoinKarma, covering spot liquidity, on-chain data, exchange traffic, and futures market data. As shown in the image below, the arrows indicate long entry signals triggered by Market Pulse, and the arrows are color-coded: 🟩 Green: Market Pulse indicator trigger 🟧 Orange: Market Pulse and Karma Index resonate Using the Market Pulse indicator alone, you can seize short-term market rebounds. When Market Pulse and Karma Index resonate, there's a high probability of forming a mid- to long-term bottom. Currently, both Market Pulse and Karma Index are close to triggering long entry signals. Want to seize real-time trading opportunities? Join a 14-day free trial. 👉 coinkarma.pse.is/7wsxnl
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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