OKEx Trading: Short term long term stability of 1.2 Si cannot fall below 11650 in a day or little potential for recovery.

08月
20
2020-8-20 11:25
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OKEx Research showed BTC fell below 11,650 yesterday and posted temporary gains. It appears to be falling below 11,600 this morning and the bulls are quickly pushing the price higher. Confirmed. The long and short term ratio of OKEx contracts remains stable above 1.2. That said, even though the bears were selling well yesterday, there are still a few cows left who believe the bears have weakened and the market outlook remains there. We have not changed the bearish position due to upside potential. Total open job incomes fell for the second day in a row, meaning more short-term incomes were excluded from the market. See support around 11500.

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OUR PLATFORM DATA CENTER: BTC bullish sentiment at the high and fluctuates within a narrow range from the low.
According to the OURBIT platform data center, as of 11 am today, in the past 24 hours, the OURBIT perpetual contract market volume traded reached 42.348 billion yuan. The 24 hour volume increased 0.32%. The market volume of the BTCUSDT perpetual contract is 9,197,284, the long and short-term ratio is 1.24 / 1, the long-term ratio is 55.69%, and the short-term ratio is 44 , 31%. In addition, according to the 30-minute market watch cycle, 496 large orders in 24 hours accounted for 42.25% and 491 large orders were sold, representing 41.82%. The opinion of the special analysts of the composite platform OURBIT is that the public sentiment of the BTC contract is on average with a consensus of 44%, a decline in the consensus of 10% and a wait-and-see attitude returned to behavior of 46%. Identify functional problems.
2020-8-20 11:16

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