29-04-25

BTC 4-hour chart outlook: Cautious Optimism

Fear and Greed: 60 (Greed), yesterday 54 (Neutral)

BTC Dominance: 64.35% Dominance has increased decreased from yesterday

Price action: Price is slightly up from the close of yesterday. Chart looks good and primed for a another move.

Premium Index: PI has increased since yesterday and currently at -0.0485 %.

Funding Rates: FR has increased since yesterday and currently at 0.0037 %.

Open Interest: OI is at $42.34 B which has increased from yesterday

Volume: Vol. is at $19.27 B which has decreased from yesterday

To conclude: While increased funding rates shows cautious optimism among traders and hinting at potential long being opened, the increasing premium index suggests a vulnerability to speculative activity and volatile price action which is supported by the increased open interest. Decrease in trading volume doesn’t supports an optimistic view. Therefore, watch out for increase in trading volume which will fuel upward price movement.