Analyst: Market sentiment and on-chain structure both indicate a bear market, with recent support levels now turning into resistance
BlockBeats News, on December 23, CryptoQuant analyst Axel posted data on social media indicating that the current market sentiment and on-chain structure both point to market weakness. Short-term holders are now in a loss position, and all key recent support levels have turned into resistance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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