#Share1BNBDaily

15-12-24

BTC 4-hour chart outlook: Cautiously Optimistic

Fear and Greed: 80 (Ex. Greed), yesterday 83 (Ex, Greed)

BTC Dominance: 57.16% Dominance has increased from yesterday

Price action: Price is approaching ATH and it appears we will make a new ATH tomorrow.

Premium Index: PI has increased since yesterday and currently at 0.029 %.

Funding Rates: FR has increased since yesterday and currently at 0.017 %.

Open Interest: OI is at $63.331 B which has increased from yesterday

Volume: Vol. is at $26.965 B which has decreased from yesterday

To conclude: The increase in funding rates and premium index may signal a shift in market sentiment toward bearishness. An increase in long positions indicates a period of upward price movement. Lower trading volume further support this notion. Open interest has increased which might lead to higher volatility. It important that trading volume increases in proportion to open interest otherwise the market may experience significant price swings.