#NovCryptoOutlook

18-11-24

BTC 4-hour chart outlook: Neutral Leaning Bearish

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

BTC Dominance: 59.66% Dominance has decreased from yesterday

Price action: Price went up about 2.5% but is back down about 2.5. No clear direction can be ascertained from the chart.

Premium Index: PI has decreased since yesterday and currently at 0.0121 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0252 %.

Open Interest: OI is at $55.207 B which has increased from yesterday

Volume: Vol. is at $39.96 B which has increased from yesterday

To conclude: Bitcoin's market is showing mixed signals. While a recent price decrease and decreasing premium index suggests decreased speculative interest and bearish sentiment highlighted by decreasing funding rates. However, this is coupled with increasing trading volume indicates potential improved interest and momentum. Additionally, the rising open interest suggests that the market could be more volatile in the short term, as larger positions may amplify reactions to news and events.