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CoinKarma: BTC shows a "high trade volumes and fall stopping" structure, which is a typical short-term bottom signal.
BlockBeats news, 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, leading to an accelerated decline in the market. However, we also noticed that on November 21, the Spot Trading Volume at the daily chart closing for BTC reached a recent high across multiple trading platforms, indicating a significant turnover in the market. This kind of “high turnover, higher trade volumes stopping the fall” structure is a typical short-term bottom signal.