Bitcoin want to test higher but volumes overall still looking very weak to be considered bullish.
Swaps keep trading back and forward but futures still remain relatively flat with normalised premiums (that is good).
Funding rates currently favouring shorts as price mark up.
Overall feel pretty neutral leaning bearish (even if we mark up to test 45k range). Daily and Weekly timeframes look ugly.
I want to see volumes and some other strong signals coming out of futures to be more convinced that we found a bottom. At the moment I am not convinced.
In this video I focus on the analysis of the On Balance Volume (OBV) indicator.
Swaps keep trading back and forward but futures still remain relatively flat with normalised premiums (that is good).
Funding rates currently favouring shorts as price mark up.
Overall feel pretty neutral leaning bearish (even if we mark up to test 45k range). Daily and Weekly timeframes look ugly.
I want to see volumes and some other strong signals coming out of futures to be more convinced that we found a bottom. At the moment I am not convinced.
In this video I focus on the analysis of the On Balance Volume (OBV) indicator.
D7R
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