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CoinKarma: BTC shows a "high trade volumes and fall stopping" structure, which is a typical short-term bottom signal.
On November 23, the encryption trading indicator analysis platform CoinKarma posted on social media that, based on the technical indicator CVD, after BTC fell below a key mid-to-long term position this week, it has faced strong selling pressure for several consecutive days, causing the market to accelerate its decline. However, we also noticed that on November 21, the spot trading volume at the daily chart close for BTC reached the highest volume recently across several trading platforms, indicating that a significant handover activity is occurring in the market. This type of “high turnover, higher trade volumes stopping the fall” structure is a typical short-term bottom signal.