$BIRB has formed a narrow range of fluctuations at a low level after breaking the key support at 0.25 with increased volume, which is a typical continuation structure in a downtrend.
🎯 Direction: No position
Market logic: A long bearish candle with increased volume appears at the 4H level (buy/sell ratio 0.5), but the open interest remains stable (OI Stable), indicating that the decline is not driven by a concentrated liquidation of long positions, but rather that the main force is orderly distributing. Subsequently, the K-line amplitude narrows, and the buy/sell ratio continues to be below 0.5, with active selling pressure (Taker Selling) dominating, making the rebound weak. The order book shows that the sell orders (Ask) are significantly greater than the buy orders (Bid), indicating heavy resistance above. Negative funding rates suggest a dominant bearish sentiment, but extreme short squeeze conditions have not formed. Current price action shows weak consolidation after a decline, lacking effective buying absorption and reversal structure, making further downside more probable.
Trade here 👇$BIRB
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