Fundamental Analysis
Technical analysis(Daily TF)
- Uncertainty with the Dollar.
- Institutional adoption of Bitcoin undergoing unprecedented acceleration.
- COT report(Bitcoin Micro Futures) as of: April 29, 2025 shows Non-commercial traders still net short(-3,958) however, a larger percentage of investors who were short the previous week have closed their short positions(-17,401) as opposed to those long(-758).
Technical analysis(Daily TF)
- Possible low of the year formed in April(on the 7th)
- Displacement of sellers with buy stops above previous highs(2nd & 24th March)
- -2 scenarios possible;
- 1. Correction to fill the liquidity void created on 20th-24th of April then continuation of the bull run or
- 2. If the daily FVG formed on the 1st of May holds, it could support price higher.
Related publications
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.