#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.