BTC 4-hour chart update (CP 63272)

Fear and Greed: 61 (Greed), yesterday 63 (Greed)

BTC Dominance: 57.29% Dominance has decreased from yesterday

Price action: Price down 3.5% today. Price broke the 4-hour ema ribbon and the upward sloping trend line established after 7th September. New resistance is 65k and support zone at 63k to 61k.

Premium Index: PI has increased since yesterday and currently at -0.0268 %.

Funding Rates: FR has decreased since yesterday and currently at 0.009 %.

Open Interest: OI is at $26.685 B which has decreased from yesterday

Volume: Vol. is at $25.166 B which has increased from yesterday

To conclude: Trader sentiment is still neutral leaning bearish witnessed by a very slight decrease in funding rate. The premium index has increased indicating the growing influence of speculative market. The open interest has decreased which could be short term long traders getting liquidated or closing their position. The trading volume has increased which signifies increase in liquidity however looking at this in concurrence with premium index indicated that this liquidity was deployed in derivatives market.