GIF
It is not the right time to BTFD yet!.
I have analyzed the current market trend using the taker buy/sell ratio 30hma by day and price pairs. This clearly shows that selling pressure is overwhelmingly higher than buying pressure. We can see that in the past when the taker buy/sell ratio entered the positive territory of the 1.0 threshold, the price has risen significantly since then. Although some other on-chain indicators are suggesting an upturn, we believe that this is not yet the BTFD timing. Until this returns to positive territory, even if there is a temporary rebound, there is a possibility of a range due to further declines and price adjustments.