Analysts at Bexplus believe that the BTC long & short situation has been at a stalemate, and BTC is waiting for the K-line which can pull up the price.During the BTC sideways volatility period, trading opportunities are relatively limited. At the same time, the fluctuation space of the daily K-line level has narrowed, and the price has been in a very typical stage of change. In other words, starting from below the current $19,500, BTC will show signs of change.
In terms of mainstream cryptocurrencies, XRP, which has fallen the most, has placed an order to the key support level of US$0.44 corresponding to 50% of Fibonacci. At the same time, XRP has a short-term technical rebound, which may confirm a short-term reversal signal at the daily K-line level.