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.
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