#Share1BNBDaily

14-12-24

BTC 4-hour chart outlook:

Fear and Greed: 81 (Ex. Greed), yesterday 87 (Ex, Greed)

BTC Dominance: 57.75% Dominance has increased from yesterday

Price action: Price has come down slightly into the ema ribbon on the four-hour chart.

Premium Index: PI has decreased since yesterday and currently at 0.0066 %.

Funding Rates: FR has decreased since yesterday and currently at 0.0142 %.

Open Interest: OI is at $68.509 B which has increased from yesterday

Volume: Vol. is at $38.201 B which has decreased from yesterday

To conclude: The market's sentiment has shifted towards cautious optimism, as evidenced by declining funding rates and a decreasing premium index. This, combined with a significant increase in trading volume and a moderate increase in open interest, suggests a balanced market with potential for limited upside. While the market is more balanced, the room for new buyers to enter may limit significant upward movement. Traders should also be wary of a short squeeze scenario.