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.