Its been a while waiting for trade opportunity.
Reasons for the trade:
Fundamental analysis: First of all, we are in the bull cycle of the crypto market which is 4 years a time after bitcoin halving, in which the latest halving was in May 2024. Second of all, we seeing the first economy country (US) gradually decrease its interest rate, which just in yesterday...
Market Status: Consolidation for short term (monthly), uptrend for long term(yearly)
Its fair that the price and the open interest of ADA has dropped approximately 60% which is the same level of January 2024. Therefore a retracement is highly possible to the middle point of consolidation box. The trades will proceed in inverse perpetual which 30% of total fund...
Based on the historical market, the bitcoin halving event would followed with a significant price growth of the crypto assets, which matches the current market status. Thus, a bull market are expected in the next one and a half year.
As for the sentiment analysis, the current funding rate in bitcoin perpetual market are maintaining a slight negativity in the past...
