some notes
BTC at another pivotal stage. Bias remains slightly-bearish.
Still at the whim of US Equities markets. Blue dotted line is trend since May 18th. Orange horizontal lines are more significant levels of support and/or resistance. White horizontal lines are shorter term levels of support and/or resistance.
Still at the whim of US Equities markets. Blue dotted line is trend since May 18th. Orange horizontal lines are more significant levels of support and/or resistance. White horizontal lines are shorter term levels of support and/or resistance.
- 32250 resistance possibly acting as support? Time will tell. Bullish if true.
- Not as many sellers, even after GBTC unlock. Bullish?
- Still no spot buying volume from retail. Bearish.
- Open Interest slightly trending upwards. Neutral.
- Funding rate still negative. Short-term bullish
- Regulatory FUD still dominating sentiment. Short-term bearish for retail only
- Vast majority of weekly futures liquidations from short positions. Short-term bullish
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