Bitcoin has been in a H&S Formation for way too long now, not breaking below. With a devrease in volume it signals towards possible invalidation of H&S which with sufficient volume is a big bullish signal. We will have to wait and see how it plays out.
Other observations in the market:
Funding ratres remain positive, dominant long sentiments.
Volume is still low any side big move possible
In 4h we can see a tradeable range movement.
Hedge trades with longs in BTC and shorts in Alts performing best
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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.