$MOVE Record Sharing
Yesterday, we caught a small divergence around 0.78 at the 4H level.
We can also see that the previous divergence quickly reflected in the market.
Additionally, with the liquidation data concentrated around 0.76, a significant number of short positions have accumulated, leading to a small rise in the short term š. Whether this momentum continues may depend on the overall market conditions.
Based on yesterday's analysis, starting from the midpoint of 0.77, the current increase is about 12%.
Currently, it is facing resistance at the large level of #fibonachi 0.5 (coin price 0.87). If it is a contract position, one might consider taking partial profits.
The current funding rate is positive, with only Bitget at -0.0328%.
Intraday, we will consider a pullback to cut long positions before making trades.
Predicting the market is about setting expectations for oneself, not investment advice. I hope everyone can enjoy a prosperous year in 2025.
Wishing everyone the best š