"Reading candles" in trading refers to interpreting candlestick charts, which are a common way of displaying price data for financial instruments like stocks, forex, or crypto. Each candle shows the price movement during a specific time period (e.g., 1 minute, 1 hour, 1 day).
Here’s a breakdown:
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🔍 Basics of a Candlestick
Each candlestick has four main components:
Open – The price at the start of the period
Close – The price at the end of the period
High – The highest price during the period
Low – The lowest price during the period
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🟩 Green Candle (Bullish Candle)
A green candle means:
The closing price is higher than the opening price.
Indicates buying pressure or bullish sentiment.
Shows the price went up during the candle’s time frame.
Example:
If a 1-hour candle opens at $100 and closes at $105, with a high of $107 and low of $98:
As of June 3, 2025, Bitcoin (BTC) is trading at approximately $105,359 USD, reflecting a modest 0.52% increase over the past 24 hours. The day's trading has seen BTC fluctuate between an intraday low of $103,969 and a high of $106,442.
This price movement follows a recent dip below $103,000, attributed to macroeconomic uncertainties and geopolitical tensions, including the ongoing Russia-Ukraine conflict . Despite this, Bitcoin has rebounded, bolstered by institutional investments such as Japan's Metaplanet acquiring 1,088 BTC, bringing its holdings to nearly $1 billion .
Market analysts are divided on Bitcoin's short-term trajectory. Some caution that the market appears "overheated