CoFo Lab Market Watch: The Bullish Frenzy is Fading
Short-term growth affected assets. Too early for downward reversals but buying pressure decreased.
CoFo Scout
BTC
Dominant Direction: Short
Dominance Strength: 24% of 100%
Timeframe Dominance: 100% of 100%
ETH
Dominant Direction: Short
Dominance Strength: 12% of 100%
Timeframe Dominance: 65% of 100%
LINK
Dominant Direction: Short
Dominance Rate: 25% of 100%
Timeframe Dominance: 100% of 100%
BCH
Dominant Direction: Short
Dominance Strength: 29% of 100%
Timeframe Dominance: 100% of 100%
Local and medium-term short strengthening. Short signals spreading to higher timeframes. Global longs fade with remaining discrepancy accordingly.
Short dominates directionally. Increased timeframe sync.
On BTC, short orientation persists with growing dominance strength. 100% timeframe sync.
On following altcoins, shorts start prevailing.
In summary: Tightening prices despite longists being knocked out, as buyers keep trying to return prices to accumulation.
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