#NovCryptoOutlook

19-11-24

BTC 4-hour chart outlook: Cautiously Positive

Fear and Greed: 90 (Ex, Greed), yesterday 83 (Greed)

BTC Dominance: 60.39% Dominance has increased from yesterday

Price action: Price bounced of it ema ribbon and currently up about 3.5%. Traders must be weary of bearish divergence on 24 and 4 hour RSI.

Premium Index: PI has increased since yesterday and currently at 0.0657 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0248 %.

Open Interest: OI is at $56.625 B which has increased from yesterday

Volume: Vol. is at $45.127 B which has increased from yesterday

To conclude: Recent market trends indicate a subtle shift in sentiment. Prices have edged higher, and funding rates have decreased slightly, suggesting increased bearishness among traders. The premium index has ticked up, pointing to heightened speculative influence on BTC price. However, liquidity as increased as both open interest and trading volume have risen, suggesting potential increased pressure on price. While the overall outlook remains cautiously positive, a sustained uptrend will depend on continual increase in market liquidity