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๐ Is the Binance Futures Market Ready for a Bearish Correction?
At this moment, the Binance futures market shows clear signs of weakness. Technical indicators suggest we are approaching a significant correction:
1. Ongoing downtrend: Bearish movements have gained strength throughout the day, with more capital entering short against the bulls.
2. Price compression: The market has "shrunk," with assets both up and down reducing their range, preparing for an eventual breakout.
3. Index $BTC in bearish zone: The index $BTC is among the weakest assets in futures, a red alert indicating that we could see a short-term pullback.
1. Ongoing downtrend: Bearish movements have gained strength throughout the day, with more capital entering short against the bulls.
2. Price compression: The market has "shrunk," with assets both up and down reducing their range, preparing for an eventual breakout.
3. Index $BTC in bearish zone: The index $BTC is among the weakest assets in futures, a red alert indicating that we could see a short-term pullback.
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