CoinKarma: BTC has shown a "large turnover and increased volume stopping the decline" structure, which is a typical short-term bottom signal.
BlockBeats news, on November 23, the cryptocurrency trading indicator analysis platform CoinKarma stated on social media that, based on the technical indicator CVD, after BTC lost its long-term key position this week, it has faced strong selling pressure for several consecutive days, leading to an accelerated decline in the market. However, we also noticed that on November 21, the spot trading volume at the daily close for BTC reached the highest level in recent times across several exchanges, indicating that a significant turnover behavior is occurring in the market. This type of "large turnover and increased volume stopping the decline" structure is a typical short-term bottom signal.
BTC
85,799.61
-0.43%