CoFo Lab Market Watch: Flames of an Overheated Market
Long-term firm bullish signals. Medium-term and short-term potential for downward corrections within a day brewing.
CoFo Scout
BTC
Dominant Direction: Short
Dominance Strength: 30% of 100%
Timeframe Dominance: 100% of 100%
ETH
Dominant Direction: Short
Dominance Strength: 21% of 100%
Timeframe Dominance: 82% of 100%
SOL
Dominant Direction: Short
Dominance Strength: 38% of 100%
Timeframe Dominance: 100% of 100%
C98
Dominant Direction: Short
Dominance Rate: 40% of 100%
Timeframe Dominance: 100% of 100%
Short dominance on lower and medium timeframes. Increasing dominance strength. Shorts keep moving higher but confident longs remain. Market sentiment D to W indicates potential for continued rises.
Short direction market-wide dominates strongly. High but incomplete ~80% timeframe sync.
Rising BTC short pressure and significantly increased dominance strength. 100% sync.
Increasing altcoin bearish pressure too, with growing dominance strength. But higher global long potential than BTC.
C98 and SOL exceeded 35% minimum dominance threshold. CoFo Scout shows superior short dominance and full timeframe sync.
In summary: Globally long. Potential continuation of upward momentum. But minimal justification for confident shorts. Watching C98 and SOL.
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