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CoinKarma
08-31
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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