Bybit and Block Scholes Analysis: Market Sentiment Indicates Initial Signs of Recovery
Market Recovery Signs: Bitcoin (BTC) has reached a two-week high above $93,000, and Ethereum (ETH) has reclaimed the $3,000 mark, supported by positive developments like Vanguard's entry into crypto ETF trading.
Reduced Bearish Sentiment: Options traders have decreased their bearish positions significantly, with put-call skew premiums dropping from 10-13 percentage points to just 2-4 percentage points, indicating a less fearful market.
Muted Leverage Activity: Open interest in perpetual futures has seen a modest increase, but remains below pre-October 10 levels, suggesting lower participation in leveraged positions and no signs of liquidation cascades.
Cautious Market Sentiment: Despite signs of recovery, the Block Scholes Risk Appetite Index shows that market participants are still cautious, with major cryptocurrencies trading well below their all-time highs.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0166 | 0.0223 | 0.0274 | 0.0331 | 0.0382 | 0.0439 | 0.049 |
| Fibonacci | 0.0223 | 0.0264 | 0.0289 | 0.0331 | 0.0372 | 0.0397 | 0.0439 |
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