28-11-24

BTC 4-hour chart update (95328)

Fear and Greed: 77 (Ex, Greed), yesterday 75 (Greed)

BTC Dominance: 58.27% Dominance has decreased from yesterday

Price action: price came down slightly into its ema ribbon and currently taking support. The psychological resistance is at 100k and support at 95.6k

Premium Index: PI has increased since yesterday and currently at 0.082 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0179 %.

Open Interest: OI is at $62.665 B which has decreased from yesterday

Volume: Vol. is at $36.448 B which has decreased from yesterday

To conclude: The increased premium index alongside the slight decrease in funding rates suggests a bearish sentiment among traders. Additionally, a decrease in both open interest and trading volume indicates a drop in market liquidity. Investors may be exercising caution, leading to a possible consolidation of price in the short term.