Bitcoin has been moving sideways around $90k without volume over the weekend.
It is nice that#Bitcoinis holding above $90k without a major correction even when the market is low.
A range has formed between $93-85k. The price may gain volume in this range for a while. Even if there are pullbacks to $85-83k, this does not disrupt the positivity of the main trend.
Spot CVD continues to rise. Coinbase has carried the price to this point so far.
There was some selling by Coinbase last week, but it did not have a negative effect on the price due to Binance purchases.
The sales that came were not very serious anyway and we have not seen a big rise on the Coinbase side yet.
There is no big change in other data.
🔹Retail long ratio is not very high yet.
🔹Funding rates are normal.
🔹Short liquidations are being cleared.
🔹Whale activity is positive (+13)
We can say that the data generally remains positive.
It was very good that the downward trend continued for 8 months and the data and expectations cooled down in this process.
Even if there are minor corrections, I think the main direction is still positive and the rise can continue.
Just controlling the risk correctly and not getting caught up in FOMO will be very important in this process. I wanted to do a market analysis while the market is calm, friends.
I will update frequently in the coming week. Good evening, good earnings.