11-05-25

BTC 4-hour chart outlook: Cautiously Optimistic

Fear and Greed: 70 (Greed), yesterday 70 (Greed)

BTC Dominance: 63.25% Dominance has increased from yesterday

Price action: Price is slightly down from the close of yesterday. There appears to be a bearish divergence forming on the RSI. If we lose the 100k level, there might be further downside.

Premium Index: PI has decreased since yesterday and currently at -0.0427 %.

Funding Rates: FR has increased since yesterday and currently at 0.0104 %.

Open Interest: OI is at $49.8 B which has increased from yesterday

Volume: Vol. is at $20.9 B which has increased from yesterday

To conclude: Bullish sentiment among long buyers, indicated by increasing funding rates, could exert downside pressure through a long squeeze. The decrease in premium index suggests reduction in speculative buying, which shows strength but the volume is low on weekend. Both open interest and trading volume have increased and this points to strengthening market confidence despite potential for high volatility.