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Market analysis on April 17

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BTC price is still hovering in the range of $60,800 to $64,500, but there are two positive signs in the market:

  1. The CEX chip tendency indicator shows that short-selling expectations have weakened significantly, and prices have begun to show signs of rebound (as shown in the figure).
  2. Coinbase’s premium level remains stable relative to Binance.

These signals indicate that price action is diverging from market sentiment, and smart money is buying excellent assets. The short-term price correction may be coming to an end, and trading opportunities should focus on Altcoins that have triggered oversold conditions.

#FrontierMarketAnalysis #BTCHalving

Website: Frontier Lab

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Telegram channel: https://t.me/frontierlab

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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