Bitcoin intraday – a rebound is possible as long as it stays above 76.8K, be cautious. The crypto market is trading with reduced weekend liquidity. Price is below its 20 and 50 EMA. OI $127.75B (+0.04%) — stabilized, positions are not increasing. Volumes $97.2B (-44%) — very low, futures/spot ratio of 6.3 indicating decreased activity from speculators, usually normal at 9-10. Fear & Greed index 26 — fear. Market indicators - RSI/MACD - show oversold conditions and a possible rebound. Main scenario: a rebound to the 80K zone or a gradual sideways movement with resistance tightening. Alternative: a break below 76.8 will send it to 75K.

BTC-0.31%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned