Ranging prices. Growing and strengthening shorts.

CoFo Scout

BTC

Dominant Direction: Short

Dominance Strength: 11% of 100%

Timeframe Dominance: 78% of 100%

ETH

Dominant Direction: Short

Dominance Strength: 10% of 100%

Timeframe Dominance: 67% of 100%

HFT

Dominant Direction: Long

Dominance Strength: 17% of 100%

Timeframe Dominance: 79% of 100%

LINK

Dominant Direction: Short

Dominance Strength: 26% of 100%

Timeframe Dominance: 92% of 100%

Prevailing local shorts, strengthening by evening. Medium-term short dominance, buyers prevent unloads. Shorts moving to global timeframes - D1 now bearish.

Shorts dominate directionally with growing strength. Increased activity on some assets.

Uptrending altcoins. Medium-term shorts. Local shorts also prevail. Many asset shorts move to globals. Growing dominance power.

In summary:

Local and medium-term shorts contrast global longs. Given overall uptrend, suboptimal buying currently. Countertrend correction plays may be more favorable. Trend boundary tests can offer higher conviction entry points on confirmed bounces or reversals.