Laut Reuters will die russische Zentralbank Investitionen in Cryptowährungen im Land verbieten. Nach den rückläufigen Nachrichten fiel der Preis von Bitcoin auf dem Spotmarkt auf fast 48.5.000 USD. Auf dem Optionsmarkt haben viele Optionshändler in den letzten 48 Stunden Calls verkauft und Puts gekauft, um sich für die kurzfristigen Ausfälle abzusichern.
Multi Expiration Skew shows that traders are looking for protection. They don’t seem optimistic about the 2021 rally:
On a daily time frame, according to the Bollinger Bands indicator, the short-term trend still seems to be down, the lower band slope is higher than that of the previous corrections, and the baseline has one resistance built at 50.5 thousand US dollars. The price appears to be entering a long-term erosive correction phase and is most likely to disappoint and frustrate retail investors.
Over the 1 hour timeframe, the price will fall and form a falling wedge (a technical pattern that is usually bullish), creating a lower low and a lower high. The price can be expected to rise up to this wedge, but if it is exceeded, the $ 50,000 resistance will become a higher high on Bitcoin’s path.
Probably the most optimistic point is from an Onchian analyst’s point of view. At the moment there is a divergence between price action and the all exchange reserves trend.
In contrast to the market crash in May, the monthly net position change shows that a significant volume of BTC has been taken from the market as the most recent drop from $ 69,000 to $ 42,000. The bottom line is that the supply shock is evident, but the supply / demand puzzle would be complete when the new capital flows into the market from new investors.
Source: Crypto News Deutsch