Currently, there are not many flashing long-term buy signals. BTC is at a macro support level, and the Bollinger Bands are quite expanded across multiple timeframes, which may indicate a short-term relief in the market. However, other key indicators such as RSI/OBV, BBI, and MVRVZ scores have not yet flashed. They are crucial to our long-term thesis, especially considering BTC's negative monthly, 2W, and 1W closes, which suggest that all of our long-term buy signals could flash at some point this year.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Currently, there are not many flashing long-term buy signals. BTC is at a macro support level, and the Bollinger Bands are quite expanded across multiple timeframes, which may indicate a short-term relief in the market. However, other key indicators such as RSI/OBV, BBI, and MVRVZ scores have not yet flashed. They are crucial to our long-term thesis, especially considering BTC's negative monthly, 2W, and 1W closes, which suggest that all of our long-term buy signals could flash at some point this year.