【$BSV Signal】Hold cash and wait for a weak consolidation in a downtrend

$BSV In a long-term downtrend, the market is in a weak consolidation phase, with prices suppressed below EMA20 (14.025) and EMA50 (14.426), showing no rebound strength. The buy volume at the 4H level remains weak (Buy/Sell Ratio < 0.5), and the deep order book imbalance indicates heavy selling pressure above (Asks far thicker than Bids), with no active buying (is_taker_buying: false). Open interest remains stable but funding rates are slightly positive, indicating a lack of new long entrants. This consolidation appears more like a continuation of the decline rather than a bottoming process.
🎯 Direction: Short
Market analysis: Prices fluctuate narrowly between 13.78-14.10, but each rebound's high point is lower (14.08 -> 14.07 -> 14.05), indicating a bearish dominance. RSI is neutral to weak (49.68), providing no clear direction. However, combined with order book data, there is a dense wall of sell orders in the 14.10-14.20 range, forming a strong resistance.
Hardcore logic: In a downtrend, weak consolidation + exhausted buying + deep sell pressure are typical bearish structures. Until there is a volume breakout above key EMA resistance or support from deep buy orders, any rebounds are false signals. The core risk management strategy is to wait for clear signals. Currently, the risk-reward ratio is unfavorable, and win rate is insufficient. The best approach is to stay in cash and observe.
Trade here 👇 $BSV
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