【$ETH Signal】Short position + Observation of falling volume
$ETH is falling in volume, and price action shows that selling pressure is dominant, and it is necessary to observe changes in open interest to distinguish between long liquidation or main shipments.
🎯 Direction: Short position
Market logic: The price decline is accompanied by a huge amount of $15.3 billion, and the key lies in the interpretation of open interest. If the open interest rises simultaneously, it is the short position to actively open/the main shipment; If the open interest decreases, it is a long passive liquidation/liquidation. At present, there is no clear buying absorption or bottom structure on the market, and it is necessary to wait for price action to give a clear reversal signal or the downward momentum to exhaust.
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【$ETH Signal】Short position + Observation of falling volume
$ETH is falling in volume, and price action shows that selling pressure is dominant, and it is necessary to observe changes in open interest to distinguish between long liquidation or main shipments.
🎯 Direction: Short position
Market logic: The price decline is accompanied by a huge amount of $15.3 billion, and the key lies in the interpretation of open interest. If the open interest rises simultaneously, it is the short position to actively open/the main shipment; If the open interest decreases, it is a long passive liquidation/liquidation. At present, there is no clear buying absorption or bottom structure on the market, and it is necessary to wait for price action to give a clear reversal signal or the downward momentum to exhaust.
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