The past three weekly candles have shown an unprecedented amount of stability. Weekly open and closes have all been within roughly 1.2% of each other. Some may say that such indecision suggests a reversal is on the horizon but I would like to take another look. Here is the BTC all time price history and I highlighted a few examples of prior 3-weekly candle...
From a fundamental standpoint, typically when there is a negative correlation between funding rates and price action the price continues in it direction until funding resets. Currently on the most recent dip from 63k funding has been on a general uptrend. This suggests that we are likely to head lower before getting a significant bounce. Leverage needs to be...
