$BTC Stock futures in the US moved lower on Friday, with contracts on the S&P 500 futures falling 0.7%, the Nasdaq 100 sinking 1.3% and the Dow Jones losing about 190 points, following a lacklustre session the day before. Investors are growing increasingly uneasy after the House failed to approve a Trump-backed funding plan to extend government operations for three months and suspend the debt ceiling for two years. Without an agreement, a partial government shutdown is set to commence late Friday night. In addition, traders eagerly await the PCE report due today for further clues on how inflationary pressures are evolving, after the Fed revised its headline and core PCE inflation projections up. On the corporate front, shares of Tesla sank about 5% in premarket trading and Nvidia was down 2.4%. Also, Nike plunged 4% before the opening bell after reporting its third consecutive quarterly sales decline. On the week, the S&P 500 and the Dow Jones are down more than 3% and the Nasdaq is off 2%.
$BTC BTCUSDT is currently experiencing a significant decline of -9.84%, with strong selling pressure indicated by the large red candlestick and higher sell volume.
Key observations:
1. The price broke below the short-term EMA (5) and EMA (10), signaling bearish momentum.
2. The aggregated long/short ratio (0.8819) indicates a higher number of short positions, reflecting bearish sentiment.
3. Volumes are spiking, which often confirms the direction of the trend.
Unless there is a strong recovery or a significant support level nearby, the trend appears downward in the short term.
1. Recent Movement: The price is at $101,059.8, down 4.37%, showing a pullback after hitting a recent high of $108,366.8.
2. Key EMAs:
EMA(5): 103,131.91 (short-term trend is below current price, indicating weakness).
EMA(10): 102,078.76.
EMA(30): 97,009.46.
The current price is below the EMA(5) and EMA(10), suggesting short-term bearish momentum.
Other Indicators
1. Volume:
Buy/Sell Volume is slightly imbalanced towards Sell (163.7K vs Buy 147.6K), showing selling pressure.
2. Aggregated Long/Short Ratio:
0.8929: Shorts dominate in taker trades (below 1 indicates short interest is higher).
3. Top Trader Long/Short Ratio:
1.697: Top traders are holding more long positions, which could signal optimism from experienced participants.
4. Longs vs Shorts (Accounts):
1.166: More accounts are in long positions.
Overall Analysis:
The chart indicates short-term bearish pressure with price pulling back from the highs, and momentum pointing down. However, long-term traders and accounts still lean toward longs. For now:
Short-term trend: Down.
Watch for support near EMA(30) ~ 97,000 or a bullish reversal signal if buying volume increases.
$BTC US equities tumbled on Wednesday as the Federal Reserve reduced interest rates by 25 bps but signaled fewer cuts than previously projected for next year, sparking a market sell-off. The S&P 500 and Nasdaq 100 sank by 2.9% and 3.7%, respectively, while Dow Jones, shed 1123 points, booking its 10th consecutive day of losses, its longest losing streak since 1974. The Fed's widely anticipated rate cut to a target range of 4.25%-4.5% was overshadowed by its forecast of just two rate cuts in 2025, fewer than the four previously expected, which dampened investor sentiment. As the central bank lowered its forecast for the unemployment rate and raised expectations for core inflation and economic growth, Treasury yields surged, putting further pressure on stock prices. Semiconductors and healthcare sectors erased earlier gains, leaving all sectors in the red. Nvidia pared it earlier gains to fall 1.1%, while UnitedHealth rose 2.9%, recovering partially from a 20% loss following its CEO’s murder.
Current Trend: The price of BTCUSDT is at 104,094.2, showing a 2.78% decline in the last 24 hours.
Recent High: 108,366.8
Recent Low: 103,065.6
Price is experiencing a pullback after a significant uptrend, as indicated by the red candle and decline from the recent peak.
2. Second Image (Indicators & Sentiment):
Aggregated Long/Short Ratio: Shows more shorts in the market, with a ratio of 0.8544, indicating bearish sentiment.
Longs vs Shorts Accounts Ratio: The 0.953 value suggests more short positions in the market overall.
RSI (Relative Strength Index): RSI(6) is around 61.1, showing price is still near neutral-to-bullish but losing momentum.
Crypto Fear & Greed Index: At 83, this indicates extreme greed, which could lead to a correction.
Conclusion: The market appears to be in a downward correction phase following a strong rally. Indicators suggest short-term bearish momentum with some pressure from sellers. If the price breaks key support levels, further downside could follow. Keep an eye on the 103,065.6 support level and buyer volume for signs of reversal.
2. Support and Resistance: There is potential resistance at 108,366.80, where sellers may step in. The EMA(5) and EMA(10) suggest support zones around 104,041 and 102,236, respectively.
3. Volume: Buy/Sell volume is balanced (Buy: 95.3K vs Sell: 93.6K), showing a mix of market sentiment.
4. Long/Short Ratios:
Taker Buy/Sell Ratio: 1.0144 (slightly bullish).
Top Trader Long/Short Ratio: 1.597 (bullish for top traders).
Accounts Long/Short Ratio: 0.661 (more shorts among accounts).
Outlook:
If BTC holds above the support levels near 104,000 and buyers sustain momentum, a breakout above 108,366.8 could lead to further upside.
If sellers dominate and BTC fails to hold 104,000, a pullback toward the EMA(30) at 96,705 is possible.
Conclusion:
BTC is in a decision phase; short-term bias is slightly bullish with caution at resistance. Watch for confirmation above 108,366 or a retrace to support zones.
1. Price Action: BTCUSDT is trading near its recent high at $103,207.1, approaching resistance around $104,630.40. It has been showing an upward momentum in recent candles.
2. EMAs (Exponential Moving Averages):
EMA(5): $101,399.46
EMA(10): $100,231.07
EMA(30): $95,320.82 These EMAs are stacked bullishly (shorter EMAs above longer ones), indicating an upward trend.
Aggregated Long/Short Ratio: 1.0957 → More longs than shorts.
Top Trader Long/Short Ratio: 1.581 → Strong long bias among top traders.
5. Longs vs Shorts (Accounts): 0.616 → While accounts show more shorts, major positions and aggregated ratios favor longs.
Summary: Momentum and technical indicators suggest a bullish sentiment in the short term, but the price is near a resistance zone ($104,630). If BTC can break this level with volume, it may continue upwards; otherwise, a pullback is possible. Watch for price reactions at resistance and volume shifts.
1. BTC Dominance (55.47%): This indicates that Bitcoin represents 55.47% of the total cryptocurrency market capitalization. A higher BTC dominance typically suggests a preference for Bitcoin over altcoins, possibly reflecting market confidence in Bitcoin as a store of value or its leading position in the crypto space.
2. USDT Dominance (7.25%): This shows that Tether accounts for 7.25% of the total cryptocurrency market cap. USDT dominance is often linked to market liquidity, as Tether is widely used for trading and hedging in the crypto market. An increase in USDT dominance may suggest a risk-off sentiment where investors are moving to stable assets.
The charts show trends over time for these dominances, with fluctuations reflecting changes in market preferences and sentiment.
$BTC "Whale Alerts" notification, which tracks large cryptocurrency transfers. Here's what it means:
1. Large BTC Transfers: The alerts indicate significant amounts of Bitcoin (BTC) being moved from one wallet to another. These are typically labeled as "unknown wallet to unknown wallet," meaning the specific identities of the wallets are not public or linked to a known entity.
2. Whale Activity: Such movements are often associated with "whales," large cryptocurrency holders or institutions. These transactions might signal trading activity, portfolio reorganization, or preparation for other purposes (e.g., exchanges or security reasons).
3. Market Implications: Whale movements can sometimes influence market sentiment, as they could indicate potential large-scale buying, selling, or changes in liquidity.
1. Trend: The price is near a resistance level (marked around $104,630.40 previously) and currently trading at $100,247, slightly lower. The trend appears to be in consolidation.
2. EMA Levels: Exponential Moving Averages (EMA) for 5, 10, and 30 periods show:
EMA(5): 99,658.19
EMA(10): 98,954.74
EMA(30): 94,246.55 This indicates a bullish alignment (short-term averages above long-term).
3. Buy/Sell Volume: Buying volume seems slightly higher than selling, but not by a significant margin.
4. Long/Short Ratio:
Taker buy/sell ratio is 1.0215 (neutral to slightly bullish).
Top trader positions have a long/short ratio of 1.718, suggesting traders are predominantly long.
Possible Direction:
Short-term: Neutral to slightly bullish due to the upward EMA alignment and long positions dominance.
Downside Risk: If the price breaks below key EMAs (especially EMA 10 or 30), bearish momentum could build.
Carefully watch the $98,000-$102,000 range for direction confirmation.
$BTC Based on the image, the market appears to be in a consolidation phase after a significant upward trend, with the price hovering near resistance levels around $101,000. Here are some observations:
1. Indicators:
The price is trading above the short-term EMA(5) and EMA(10), which is typically bullish.
However, the aggregated long/short ratio is close to 1, suggesting a balanced sentiment between buyers and sellers.
2. Key Levels:
Resistance: The previous high near $104,630 might act as a strong resistance.
Support: Immediate support could be the EMA(10) level at $98,882.
3. Volume:
The volume seems moderate, not indicating a strong breakout or breakdown at this moment.
Prediction:
If the price breaks above the resistance of $101,880 with strong volume, it may move upward.
If it fails to hold $98,882 (EMA support), a retracement or downward move could occur.
For a clearer trend, monitor volume and how the price reacts to these key levels.
#BTCReclaims101K $BTC Bitcoin (BTC) is trading at $100,615.9, with a recent change of +3.07%. Key indicators like the aggregated long/short ratio and buy/sell volume suggest mixed sentiments, as longs vs. shorts (accounts) ratio is below 1, implying more short positions. However, momentum from previous days appears bullish.
Analysis:
BTC is near resistance at $101,812, with EMA(5) and EMA(10) supporting the price trend.
Watch for a breakout above $101,800 for an upward move or a breakdown below $100,300 for potential downside.
If you trade based on trends, monitor further market signals.
1. Current Price: $97,966.2, with a slight increase of +0.57% over 24 hours.
2. Key Levels:
24h High: $98,499.9
24h Low: $94,265.5
Resistance Zone: $100,000 (psychological level).
Support Zone: Around $93,203 (30 EMA level).
3. Volume: Buy/Sell volumes appear relatively balanced, with no major spikes in either direction.
Indicators:
Aggregated Long/Short Ratio: Slightly bullish at 1.0476.
Top Trader Long/Short Ratio: More bullish at 1.77.
Trend:
The price appears to be consolidating within a tight range after a significant rally. Immediate direction (up or down) depends on whether it breaks the resistance at $100,000 or drops below $93,000.
Suggestion:
For Upward Movement: A breakout above $100,000 with high volume could indicate further bullish momentum.
For Downward Movement: Failure to hold support around $93,000 might signal a bearish pullback.
The price is currently below the EMA(5), EMA(10), and EMA(30), suggesting bearish momentum in the short term.
2. Volume:
A recent increase in sell volume indicates strong selling pressure.
3. Long/Short Ratios:
The aggregated long/short ratio (0.9671) indicates more shorts than longs among takers, which could suggest bearish sentiment.
However, the top trader long/short ratio (1.729) and longs vs shorts accounts (1.442) suggest that top traders and more accounts are net long, possibly anticipating a bounce.
Likely Outcome:
Downward Bias: The current price trend and volume suggest the possibility of a further drop in the short term unless there is significant buying support.
Monitor key support levels around $94,265 (24h low) and $92,873 (EMA(30)) to assess if a bounce occurs.
Support: The 24-hour low is $94,039.7, which might act as a potential support level.
2. Moving Averages (EMA):
The price is currently below the EMA(5) ($98,803.6) and EMA(10) ($98,056.05). This shows bearish pressure in the short term.
The EMA(30) ($92,630.35) is further below, which could act as the next support if the price continues downward.
3. Volume Analysis:
Sell Volume is higher than buy volume (Sell: 172.2K vs Buy: 154.5K).
A large red volume bar suggests strong selling momentum, reinforcing the bearish sentiment.
4. Long/Short Ratios:
Aggregated Long/Short Ratio: 0.8957 (<1 indicates more shorts than longs, which supports a bearish outlook).
Top Trader Long/Short Ratio (Positions): 1.805 (more long positions, which could signal potential liquidation risks if prices drop further).
Longs vs Shorts (Accounts): 1.402 (>1 indicates more accounts are long-biased, but the price drop could trigger stops).
5. Candle Pattern:
The large red daily candle indicates strong downward momentum. If no reversal candle forms soon (like a hammer or engulfing pattern), the price may continue to fall.
6. Market Sentiment:
With the sharp rejection from the $104,000 area, the sentiment appears bearish in the short term.
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Conclusion:
The chart suggests the price is likely to continue downward unless a key support level (e.g., $94,000 or the EMA(30)) holds. Monitoring upcoming candles for reversal signs and overall market conditions is crucial to anticipate the next move.