Bitcoin / TetherUSShort
Bitcoin - What to expect?
In this analysis, we will focus on BTCUSDT 's price movements and the PVVM (Price-Volume-Volatility-Momentum).
Macro PVVM:
The Macro PVVM represents the long-term trend ofBTCUSDT . As we can observe, the Macro PVVM has been fluctuating in the overbought zone between 101 and 221 over the analyzed period. Currently, it stands at 146, indicating a positive but slightly weakening long-term trend. While the value remains above 0, suggesting a bullish outlook, traders should closely monitor any further decline towards the bearish territory.
Micro PVVM:
The Micro PVVM reflects the short-term trend. Over the past days, it has oscillated between 33 and -75 signifying a bearish short-term momentum.
Key Takeaways:
1. On the last two days, we observed that the Macro PVVM decreased from while the Micro PVVM also decreased. This indicates a bearish macro trend and a bearish short-term movement.
2. Both the long-term and short-term indicators align in showing a bearish sentiment, suggesting potential further downward movement forBTCUSD .
Conclusion:
Given the current analysis, traders should exercise caution in entering long positions due to the weakening long-term trend. Short entries might be considered.
BTCUSDT 's price movements and the PVVM (Price-Volume-Volatility-Momentum).Macro PVVM:
The Macro PVVM represents the long-term trend of
BTCUSDT . As we can observe, the Macro PVVM has been fluctuating in the overbought zone between 101 and 221 over the analyzed period. Currently, it stands at 146, indicating a positive but slightly weakening long-term trend. While the value remains above 0, suggesting a bullish outlook, traders should closely monitor any further decline towards the bearish territory.Micro PVVM:
The Micro PVVM reflects the short-term trend. Over the past days, it has oscillated between 33 and -75 signifying a bearish short-term momentum.
Key Takeaways:
1. On the last two days, we observed that the Macro PVVM decreased from while the Micro PVVM also decreased. This indicates a bearish macro trend and a bearish short-term movement.
2. Both the long-term and short-term indicators align in showing a bearish sentiment, suggesting potential further downward movement for
BTCUSD .Conclusion:
Given the current analysis, traders should exercise caution in entering long positions due to the weakening long-term trend. Short entries might be considered.
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