Market Overview and Bitcoin Price Analysis Today (24/11)
BTC Technical Analysis
After the fall to $15,500 created a bear trap. BTC has had a strong rally to break the downtrend. Show extremely good buying power.
However, observing the H4 frame, the candles have appeared with long beards, showing that the uptrend has been influenced by the sellers. Today expect BTC to find a strong resistance area of $17,500 that we have outlined. Stay in this zone if there is a reversal signal. We will open a Short/Sell order here.
Market Overview
In the past 24 hours, the Bitcoin price reached a high of $16,756 and a low of $16,174. Total trading volume in 24 hours is 32 billion USD. The market capitalization now has increased slightly compared to yesterday, reaching 321 billion USD.
The global cryptocurrency market capitalization is $839 billion, up 2.26% from yesterday. Global 24-hour trading volume is $61 billion, down 1.53% from yesterday
Today and tomorrow America is on Thanksgiving holiday. This holiday plus the weekend period may slow down the financial market in general and the Crypto market in particular due to the lack of large cash flows.
Watchlist
Binance Coin (BNB): Up 10.4% from yesterday as futures rates hit 30%, a sign that traders are expanding their long positions.
SHIBA INU (SHIB): Funding rate was positive 32%, open interest increased +3.7%, D1 bracket trading volume increased sharply.
Sandbox (SAND): Funding rate is positive 26.8%, open interest is up +2.7%, D1 volume is decreasing, price is negative.
Solana (SOL): Fungding rate is negative 97%, open interest is up +19.1%, traders are widening long positions, D1 volume is decreasing, price is negative.
After the fall to $15,500 created a bear trap. BTC has had a strong rally to break the downtrend. Show extremely good buying power.
However, observing the H4 frame, the candles have appeared with long beards, showing that the uptrend has been influenced by the sellers. Today expect BTC to find a strong resistance area of $17,500 that we have outlined. Stay in this zone if there is a reversal signal. We will open a Short/Sell order here.
Market Overview
In the past 24 hours, the Bitcoin price reached a high of $16,756 and a low of $16,174. Total trading volume in 24 hours is 32 billion USD. The market capitalization now has increased slightly compared to yesterday, reaching 321 billion USD.
The global cryptocurrency market capitalization is $839 billion, up 2.26% from yesterday. Global 24-hour trading volume is $61 billion, down 1.53% from yesterday
Today and tomorrow America is on Thanksgiving holiday. This holiday plus the weekend period may slow down the financial market in general and the Crypto market in particular due to the lack of large cash flows.
Watchlist
Binance Coin (BNB): Up 10.4% from yesterday as futures rates hit 30%, a sign that traders are expanding their long positions.
SHIBA INU (SHIB): Funding rate was positive 32%, open interest increased +3.7%, D1 bracket trading volume increased sharply.
Sandbox (SAND): Funding rate is positive 26.8%, open interest is up +2.7%, D1 volume is decreasing, price is negative.
Solana (SOL): Fungding rate is negative 97%, open interest is up +19.1%, traders are widening long positions, D1 volume is decreasing, price is negative.