#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.