#Share1BNBDaily

14-12-24

BTC 4-hour chart outlook: Neutral

Fear and Greed: 83 (Ex. Greed), yesterday 76 (Ex, Greed)

BTC Dominance: 59.078% Dominance has increased from yesterday

Price action: Price is slight down (under 1%) today. Price is still above the 4 hour ema ribbon. However, on the 24-hour chart price has created a double top.

Premium Index: PI has decreased since yesterday and currently at 0.0003 %.

Funding Rates: FR has increased since yesterday and currently at 0.0142 %.

Open Interest: OI is at $62.919 B which has increased from yesterday

Volume: Vol. is at $28.503 B which has decreased from yesterday

To conclude: A decrease in premium index shows underlying strength in BTC as price is being influenced by spot market. The funding rate has increased slightly which signals trader opening more longs than shorts. The increase in open interest indicates rising pressure on price and may lead to volatility. Trading volume has decreased which most probably is due to weekend drop in market activity.