Good morning everyone 💐

This week, all eyes are on Wednesday's release of the U.S. inflation data. It's not about where #BTC stands right now, but how the U.S. inflation figures will come out. This data will determine the upcoming Federal Reserve ( #FED ) actions.

Firstly, on Binance, there are purchases both from futures and spot markets. After closing the 11:00 candle, the band has turned green, indicating a buying position currently.

Binance Spot:

Binance Futures (stablecoin):

Looking at the Coinbase spot side, while the price hovers around $60,400, the band was supposed to turn red, indicating a selling position, but it hasn't; they are still in a buying position. The current rise has no contribution; purchases have developed on the Binance side.

The increase between $60,800 and $62,900 came from longing in the futures, supported by spot purchases, as shown above. This is not a significant problem because spot purchases support it. Just as shorting in the futures and selling in the spot market create selling pressure, buying in the spot and longing in the futures raise the price. So, there isn't a significant inflation; I'm just sharing to understand where the movements are coming from.

So, the outlook isn't bad, but it would be better if Coinbase starts buying. I said it would be better if Coinbase starts buying because I often remind, "only" buying from Binance is always risky because it's not permanent; when they sell, the price drops again. Therefore, if Coinbase joins at some point, we can rely more on the rises. That's it for now; if there are any changes later, we'll update. The workday has started; you know we have data on Tuesday and Wednesday; we'll have a volatile week; hopefully, it will be positive.

$BTC #altcoins