CoFo Lab Market Watch: Range Racing
Local and medium-term overbought realization began. Longs still dominate globally.
CoFo Scout
BTC
Dominant Direction: Short
Dominance Strength: 13% of 100%
Timeframe Dominance: 73% of 100%
ETH
Dominant Direction: Short
Dominance Strength: 11% of 100%
Timeframe Dominance: 70% of 100%
TRX
Dominant Direction: Short
Dominance Strength: 32% of 100%
Timeframe Dominance: 100% of 100%
LUNC
Dominant Direction: Short
Dominance Rate: 11% of 100%
Timeframe Dominance: 70% of 100%
Short dominance played out on local and medium-term timeframes. Declining strength and signal discrepancy on lower timeframes. Unchanged global long dominance and strength.
Short direction dominates weakly. Declining dominance strength. Weak sync.
Decreasing BTC bearish pressure. Falling strength and local longs desync timeframes.
Shorting pressure on altcoins remains. No global changes, long domination persists.
In summary: Medium-term overbought realization underway. Market remains globally long, possibly indicating no basis for full reversal yet. Confident shorts require at least neutral global signals. Confident longs need long lower and medium-term signals.
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