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

$BSV In a long-term downtrend, the price is stuck in a weak consolidation, being suppressed below EMA20 (14.025) and EMA50 (14.426), with no rebound strength. The buy volume at the 4H level remains weak (Buy/Sell Ratio < 0.5), and the deep order book shows heavy selling pressure above (Asks far exceed 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 positions entering the market. The current consolidation appears more like a continuation of the downtrend rather than a bottoming process.
🎯Direction: Short
Market analysis: Price fluctuates 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 the order book, 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 rebound is a false signal. The core risk management strategy is to wait for clear signals. Currently, the risk-reward ratio is unfavorable, and the win rate is insufficient. The best approach is to stay in cash and observe.
Trade here 👇 $BSV
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