🤑 $BTC TF 1H
📈 $BTC there has been no change in bias, from a technical perspective, we still have a bullish bias with important areas and target levels as shown in the chart.
And based on data from several indicators that we added:
Price: Starting to range, after yesterday's rally.
Coinbase Premium: There is still no sign of strength from the spot market.
Open Interest: Prices are moving up but OI appears sideways and decreasing, indicating that position holders (long or shorts) are starting to reduce their positions (for taking profit or cutting).
Funding rate: Still positive, a sign that most long positions are still holding.
➡️Conclusion:: An indication that some traders holding long positions are starting to take profits or reduce their positions. Based on OI data. However, a large majority still believe that $BTC will still move positively. Because here we see the Funding Rate is still positive.
#DISCLAIMER Trading is an activity with high risk and high return. This BTC movement information is biased, a scenario, or a forecast for BTC movement based on 1h chart activity. Structure, trend, and important levels such as supply/demand are the POV of the analyst. Market movement is an activity beyond the control of the analyst team. Any form of buying, selling, and risk management is the responsibility of each individual.
#StrategyBTCPurchase #CryptoIn401k
