In my price analysis, my bullish scenario for the Range 0.5 structure materialized very well. I will wait for the blue line, our old Ath level, to work as support.
I mentioned that the Coinbase Premium Index indicator would be bullish on a trend break and the price went up. Now we are in an important resistance zone. We will wait for this price, which has been resistance many times, to now work as support.
The open interest indicator is moving with the price. This situation is positive. There are no problems for the moment.
The funding rates indicator started to rise again. This tells us that people are starting to believe in the rise, but it still hasn't reached the extreme level. If there is an excess, I will take it into account.
There was a big sell-off in the Exchange Netflow Spot Exchanges indicator. I think we should take profits on our long trades.
Written by TraderOasis
