23-11-24

BTC 4-hour chart update (97.963)

Fear and Greed: 93 (Ex, Greed), yesterday 94 (Ex. Greed)

BTC Dominance:59% Dominance has decreased from yesterday

Price action: Bitcoin Pulls Back After Recent Rally. EMA support from 97.4k to 93.2k.

Premium Index: PI has increased since yesterday and currently at 0.0371 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0167 %.

Open Interest: OI is at $61.303B which has increased from yesterday

Volume: Vol. is at $28.779 B which has decreased from yesterday

To conclude: BTC has retraced slightly over the past 24 hours. Market sentiment has shifted from bullish to cautious, as evidenced by declining funding rates. This suggests that recent buying pressure may be waning, leading to a potential period of consolidation. Speculative activity has increased as witnessed by rising premium index. However, increased open interest indicates sustained market pressure. While the trading volume has decreased. This could signal that participants are merely taking a breather before the next significant price move.

#NovCryptoOutlook
23-11-24

BTC 4-hour chart outlook: Cautious

Fear and Greed: 93 (Ex, Greed), yesterday 94 (Ex. Greed)

BTC Dominance:59% Dominance has decreased from yesterday

Price action: Bitcoin Pulls Back After Recent Rally. EMA support from 97.4k to 93.2k.

Premium Index: PI has increased since yesterday and currently at 0.0371 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0167 %.

Open Interest: OI is at $61.303B which has increased from yesterday

Volume: Vol. is at $28.779 B which has decreased from yesterday

To conclude: BTC has retraced slightly over the past 24 hours. Market sentiment has shifted from bullish to cautious, as evidenced by declining funding rates. This suggests that recent buying pressure may be waning, leading to a potential period of consolidation. Speculative activity has increased as witnessed by rising premium index. However, increased open interest indicates sustained market pressure. While the trading volume has decreased. This could signal that participants are merely taking a breather before the next significant price move.

23-11-24

BTC 4-hour chart update (99426)

Fear and Greed: 94 (Ex, Greed), yesterday 82 (Ex. Greed)

BTC Dominance: 60.74% Dominance has increased slightly from yesterday

Price action: Price about $600 away from 100k. Although we are in price discovery and reaching ATH every day, the resistance is psychological level like this 100k level.

Premium Index: PI has decreased since yesterday and currently at 0.0013 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0214 %.

Open Interest: OI is at $61.044 B which has decreased from yesterday

Volume: Vol. is at $45.076 B which has decreased from yesterday

To conclude: Both funding rates and premium index decreased which signals a short term cooling off, likely driven traders taking profit. selling off in spot or closing long positions. Similarly, both open interest and trading volume suggest a period of consolidation.

#NovCryptoOutlook
23-11-24

BTC 4-hour chart outlook: Neutral

Fear and Greed: 94 (Ex, Greed), yesterday 82 (Ex. Greed)

BTC Dominance: 60.74% Dominance has increased slightly from yesterday

Price action: Price about $600 away from 100k. Although we are in price discovery and reaching ATH every day, the resistance is psychological level like this 100k level.

Premium Index: PI has decreased since yesterday and currently at 0.0013 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0214 %.

Open Interest: OI is at $61.044 B which has decreased from yesterday

Volume: Vol. is at $45.076 B which has decreased from yesterday

To conclude: Both funding rates and premium index decreased which signals a short term cooling off, likely driven traders taking profit. selling off in spot or closing long positions. Similarly, both open interest and trading volume suggest a period of consolidation.

22-11-24

BTC 4-hour chart update (98427)

Fear and Greed: 82 (Ex, Greed), yesterday 83 (Ex. Greed)

BTC Dominance: 60.70% Dominance has decreased from yesterday

Price action: Price hit another ATH today. Price is about $1200 away from 100k

Premium Index: PI has increased since yesterday and currently at 0.0317 %.

Funding Rates: FR has increased since yesterday and currently at 0.0215 %.

Open Interest: OI is at $61.461 B which has increased from yesterday

Volume: Vol. is at $56.922 B which has increased from yesterday

To conclude: A surge in funding rates and premium index over the past 24 hours signals a strong bullish sentiment and speculative market behavior. Open interest and trading volume have increased, indicating more market pressure on price. The increase in trading volume suggests heightened market activity. While this presents a cautiously optimistic outlook, traders should exercise caution as the market navigates these speculative conditions.

#NovCryptoOutlook
22-11-24

BTC 4-hour chart outlook: Cautiously Optimistic

Fear and Greed: 82 (Ex, Greed), yesterday 83 (Ex. Greed)

BTC Dominance: 60.70% Dominance has decreased from yesterday

Price action: Price hit another ATH today. Price is about $1200 away from 100k

Premium Index: PI has increased since yesterday and currently at 0.0317 %.

Funding Rates: FR has increased since yesterday and currently at 0.0215 %.

Open Interest: OI is at $61.461 B which has increased from yesterday

Volume: Vol. is at $56.922 B which has increased from yesterday

To conclude: A surge in funding rates and premium index over the past 24 hours signals a strong bullish sentiment and speculative market behavior. Open interest and trading volume have increased, indicating more market pressure on price. The increase in trading volume suggests heightened market activity. While this presents a cautiously optimistic outlook, traders should exercise caution as the market navigates these speculative conditions.

20-11-24

BTC 4-hour chart update (93568)

Fear and Greed: 83 (Ex, Greed), yesterday 90 (Ex. Greed)

BTC Dominance: 61.23% Dominance has increased from yesterday

Price action: Price has bounced of the ema ribbon and created another ATH.

Premium Index: PI has decreased since yesterday and currently at 0.018 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0156 %.

Open Interest: OI is at $59.725 B which has increased from yesterday

Volume: Vol. is at $48.894 B which has increased from yesterday

To conclude: Market sentiment leans slightly bullish due to decreasing premium index and increased liquidity. A minor dip in funding rates hints at potential bearish trader’s sentiment. Both Open interest and trading volume have increased which signals healthy market activity, but traders must be weary of volatility.

#NovCryptoOutlook
20-11-24

BTC 4-hour chart outlook: Neutral Leaning Bullish

Fear and Greed: 83 (Ex, Greed), yesterday 90 (Ex. Greed)

BTC Dominance: 61.23% Dominance has increased from yesterday

Price action: Price has bounced of the ema ribbon and created another ATH.

Premium Index: PI has decreased since yesterday and currently at 0.018 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0156 %.

Open Interest: OI is at $59.725 B which has increased from yesterday

Volume: Vol. is at $48.894 B which has increased from yesterday

To conclude: Market sentiment leans slightly bullish due to decreasing premium index and increased liquidity. A minor dip in funding rates hints at potential bearish trader’s sentiment. Both Open interest and trading volume have increased which signals healthy market activity, but traders must be weary of volatility.

#NovCryptoOutlook
19-11-24

BTC 4-hour chart outlook: Cautiously Positive

Fear and Greed: 90 (Ex, Greed), yesterday 83 (Greed)

BTC Dominance: 60.39% Dominance has increased from yesterday

Price action: Price bounced of it ema ribbon and currently up about 3.5%. Traders must be weary of bearish divergence on 24 and 4 hour RSI.

Premium Index: PI has increased since yesterday and currently at 0.0657 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0248 %.

Open Interest: OI is at $56.625 B which has increased from yesterday

Volume: Vol. is at $45.127 B which has increased from yesterday

To conclude: Recent market trends indicate a subtle shift in sentiment. Prices have edged higher, and funding rates have decreased slightly, suggesting increased bearishness among traders. The premium index has ticked up, pointing to heightened speculative influence on BTC price. However, liquidity as increased as both open interest and trading volume have risen, suggesting potential increased pressure on price. While the overall outlook remains cautiously positive, a sustained uptrend will depend on continual increase in market liquidity

19-11-24

BTC 4-hour chart update (93847)

Fear and Greed: 90 (Ex, Greed), yesterday 83 (Greed)

BTC Dominance: 60.39% Dominance has increased from yesterday

Price action: Price bounced of it ema ribbon and currently up about 3.5%. Traders must be weary of bearish divergence on 24 and 4 hour RSI.

Premium Index: PI has increased since yesterday and currently at 0.0657 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0248 %.

Open Interest: OI is at $56.625 B which has increased from yesterday

Volume: Vol. is at $45.127 B which has increased from yesterday

To conclude: Recent market trends indicate a subtle shift in sentiment. Prices have edged higher, and funding rates have decreased slightly, suggesting increased bearishness among traders. The premium index has ticked up, pointing to heightened speculative influence on BTC price. However, liquidity as increased as both open interest and trading volume have risen, suggesting potential increased pressure on price. While the overall outlook remains cautiously positive, a sustained uptrend will depend on continual increase in market liquidity.

#NovCryptoOutlook
18-11-24

BTC 4-hour chart outlook: Neutral Leaning Bearish

Fear and Greed: 83 (Ex, Greed), yesterday 90 (Greed)

BTC Dominance: 59.66% Dominance has decreased from yesterday

Price action: Price went up about 2.5% but is back down about 2.5. No clear direction can be ascertained from the chart.

Premium Index: PI has decreased since yesterday and currently at 0.0121 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0252 %.

Open Interest: OI is at $55.207 B which has increased from yesterday

Volume: Vol. is at $39.96 B which has increased from yesterday

To conclude: Bitcoin's market is showing mixed signals. While a recent price decrease and decreasing premium index suggests decreased speculative interest and bearish sentiment highlighted by decreasing funding rates. However, this is coupled with increasing trading volume indicates potential improved interest and momentum. Additionally, the rising open interest suggests that the market could be more volatile in the short term, as larger positions may amplify reactions to news and events.

#NovCryptoOutlook
17-11-24

BTC 4-hour chart outlook: Cautious optimism

Fear and Greed: 90 (Ex, Greed), yesterday 86 (Ex. Greed)

BTC Dominance: 60.22% Dominance has increased slightly from yesterday

Price action: BTC price reminiscent of a stable coin today.  

Premium Index: PI has increased since yesterday and currently at 0.0586 %.

Funding Rates: FR has increased since yesterday and currently at 0.0262 %.

Open Interest: OI is at $53.692 B which has increased from yesterday

Volume: Vol. is at $26.978 B which has decreased from yesterday

To conclude: The market is exhibiting signs of cautious optimism, signaled by an uptick in funding rates and premium index. However, trading volume indicate reduced liquidity, which could amplify price swings. As long positions increase, investors should remain vigilant for a potential long squeeze.

17-11-24

BTC 4-hour chart update (89990)

Fear and Greed: 90 (Ex, Greed), yesterday 86 (Ex. Greed)

BTC Dominance: 60.22% Dominance has increased slightly from yesterday

Price action: BTC price reminiscent of a stable coin today.  

Premium Index: PI has increased since yesterday and currently at 0.0586 %.

Funding Rates: FR has increased since yesterday and currently at 0.0262 %.

Open Interest: OI is at $53.692 B which has increased from yesterday

Volume: Vol. is at $26.978 B which has decreased from yesterday

To conclude: The market is exhibiting signs of cautious optimism, signaled by an uptick in funding rates and premium index. However, trading volume indicate reduced liquidity, which could amplify price swings. As long positions increase, investors should remain vigilant for a potential long squeeze.

16-11-24

BTC 4-hour chart update (91333)

Fear and Greed: 86 (Ex, Greed), yesterday 80 (Ex. Greed)

BTC Dominance: 60.14% Dominance has decreased from yesterday

Price action: Price traded in a tight range of $500 today.

Premium Index: PI has increased since yesterday and currently at 0.0329 %.

Funding Rates: FR has increased since yesterday and currently at 0.0187 %.

Open Interest: OI is at $53.364 B which has increased from yesterday

Volume: Vol. is at $34.696 B which has decreased from yesterday

To conclude: The trader sentiment is quite bullish as witnessed by rising funding rates. The premium index has increased which signifies rising influence of speculative forces on BTC’s price. While open interest has increased the trading volume has decreased. This mean we might see a consolidation period. For these reason traders must remain cautious for the short term while the uptrend is still intact.

#NovCryptoOutlook
16-11-24

BTC 4-hour chart outlook: Cautious

Fear and Greed: 86 (Ex, Greed), yesterday 80 (Ex. Greed)

BTC Dominance: 60.14% Dominance has decreased from yesterday

Price action: Price traded in a tight range of $500 today.

Premium Index: PI has increased since yesterday and currently at 0.0329 %.

Funding Rates: FR has increased since yesterday and currently at 0.0187 %.

Open Interest: OI is at $53.364 B which has increased from yesterday

Volume: Vol. is at $34.696 B which has decreased from yesterday

To conclude: The trader sentiment is quite bullish as witnessed by rising funding rates. The premium index has increased which signifies rising influence of speculative forces on BTC’s price. While open interest has increased the trading volume has decreased. This mean we might see a consolidation period. For these reason traders must remain cautious for the short term while the uptrend is still intact.

15-11-24

BTC 4-hour chart update (CP 89796)

Fear and Greed: 80 (Ex, Greed), yesterday 88 (Ex. Greed)

BTC Dominance: 61.18% Dominance has increased from yesterday

Price action: Price took support from the 30 ema and currently trading above the 8 ema.  

Premium Index: PI has decreased since yesterday and currently at 0.0086 %.

Funding Rates: FR has increased since yesterday and currently at 0.0195 %.

Open Interest: OI is at $51.843 B which has decreased from yesterday

Volume: Vol. is at $49.954 B which has decreased from yesterday

To conclude: Premium index has decreased which is one bullish sign since the spot market gained influence over speculative instruments. The funding rates have increased which highlight the bullish trader sentiment, as they are opening longs. Market liquidity has decreased, both the open interest and trading volume are down from yesterday. It is only natural that price is cooling off after such a bullish couple of weeks. However, the outlook for weekend is neutral leaning bearish. This does not mean capitulation but rather a short-term consolidation.

#NovCryptoOutlook
15-11-24

BTC 4-hour chart outlook: Neutral

Fear and Greed: 80 (Ex, Greed), yesterday 88 (Ex. Greed)

BTC Dominance: 61.18% Dominance has increased from yesterday

Price action: Price took support from the 30 ema and currently trading above the 8 ema.  

Premium Index: PI has decreased since yesterday and currently at 0.0086 %.

Funding Rates: FR has increased since yesterday and currently at 0.0195 %.

Open Interest: OI is at $51.843 B which has decreased from yesterday

Volume: Vol. is at $49.954 B which has decreased from yesterday

To conclude: Premium index has decreased which is one bullish sign since the spot market gained influence over speculative instruments. The funding rates have increased which highlight the bullish trader sentiment, as they are opening longs. Market liquidity has decreased, both the open interest and trading volume are down from yesterday. It is only natural that price is cooling off after such a bullish couple of weeks. However, the outlook for weekend is neutral leaning bearish. This does not mean capitulation but rather a short-term consolidation.

14-11-24

BTC 4-hour chart update (CP 76672)

Fear and Greed: 88 (Ex, Greed), yesterday 84 (Ex. Greed)

BTC Dominance: 60.72% Dominance has decreased from yesterday

Price action: Price went down almost 3% and took support from the ema ribbon but was bought up immediately. Currently price is trading below the 8 ema.

Premium Index: PI has increased since yesterday and currently at 0.0634 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0164 %.

Open Interest: OI is at $53.907 B which has decreased from yesterday

Volume: Vol. is at $66.714 B which has decreased from yesterday

To conclude: The funding rates have reduced further signaling a growing bearish sentiment. As more traders are open short positions, the potential for a long squeeze cannot be ruled out. A notable increase in the premium index suggests that speculative activity in the derivatives market might be outpacing genuine spot demand, raising concerns about potential price corrections. Both open interest and trading volume have seen a slight decrease, hinting at decreased market pressure and reduced interest which might mean the uptrend is cooling off. The interplay of these factors paints a complex picture. The elevated premium index introduces a note of caution. In essence: The market is exhibiting a bullish undercurrent, but it's essential to remain vigilant. The combination of speculation and increased market activity could lead to price swings, making it crucial to monitor market developments closely.

#NovCryptoOutlook
14-11-24

BTC 4-hour chart outlook: Cautious Optimism

Fear and Greed: 88 (Ex, Greed), yesterday 84 (Ex. Greed)

BTC Dominance: 60.72% Dominance has decreased from yesterday

Price action: Price went down almost 3% and took support from the ema ribbon but was bought up immediately. Currently price is trading below the 8 ema.

Premium Index: PI has increased since yesterday and currently at 0.0634 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0164 %.

Open Interest: OI is at $53.907 B which has decreased from yesterday

Volume: Vol. is at $66.714 B which has decreased from yesterday

To conclude: The funding rates have reduced further signaling a growing bearish sentiment. As more traders are open short positions, the potential for a long squeeze cannot be ruled out. A notable increase in the premium index suggests that speculative activity in the derivatives market might be outpacing genuine spot demand, raising concerns about potential price corrections. Both open interest and trading volume have seen a slight decrease, hinting at decreased market pressure and reduced interest which might mean the uptrend is cooling off. The interplay of these factors paints a complex picture. The elevated premium index introduces a note of caution. In essence: The market is exhibiting a bullish undercurrent, but it's essential to remain vigilant. The combination of speculation and increased market activity could lead to price swings, making it crucial to monitor market developments closely.

#NovCryptoOutlook
13-11-24

BTC 4-hour chart outlook: Extremely Bullish

Fear and Greed: 84 (Ex, Greed), yesterday 80 (Ex. Greed)

BTC Dominance: 61.23% Dominance has increased from yesterday

Price action: Price is up another 5+ % today. There is a bearish divergence forming on the RSI.

Premium Index: PI has increased since yesterday and currently at 0.0547 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0209 %.

Open Interest: OI is at $55.415 B which has increased from yesterday

Volume: Vol. is at $66.628 B which has decreased from yesterday

To conclude: The recent surge in premium index signals heightened derivatives market’s influence on price. The funding rates have decreased signaling traders opening shorts which has the potential of short squeeze if prices were to increase further. Given the high open interest, a sharp price correction could trigger significant market volatility. While the decrease in trading volume does not supports the current upward trend, investors should remain cautious as market conditions are primed to change rapidly.