Analyst: Market sentiment and on-chain structure are both pointing towards a Bear Market, with recent support having turned into a resistance level.
According to a report by Jinse Finance, CryptoQuant analyst Axel stated on social media that the current market sentiment is in sync with the on-chain structure, indicating market weakness. Short-term holders are currently at a loss, and all key recent support levels have turned into resistance levels.
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Analyst: Market sentiment and on-chain structure are both pointing towards a Bear Market, with recent support having turned into a resistance level.
According to a report by Jinse Finance, CryptoQuant analyst Axel stated on social media that the current market sentiment is in sync with the on-chain structure, indicating market weakness. Short-term holders are currently at a loss, and all key recent support levels have turned into resistance levels.