BTC Bearish
Open Interest - Rising and Above Seasonal Average and at ATH resistant level
Indicating losing bullish momentum.
COT Data: 6 month - 12month Range showing commercials are net short.
Price Structure: Daily Timeframe shows bullish however the daily range has been expanded from 38K with no sell stops being taken out. March Monthly Candle created new high. Entering new month April indicates a possible correction is under way. If 64K level is broken awaiting to buy between 50K-55K in the area of FVG and bullish OB with LTF confirmation.
Indicating losing bullish momentum.
COT Data: 6 month - 12month Range showing commercials are net short.
Price Structure: Daily Timeframe shows bullish however the daily range has been expanded from 38K with no sell stops being taken out. March Monthly Candle created new high. Entering new month April indicates a possible correction is under way. If 64K level is broken awaiting to buy between 50K-55K in the area of FVG and bullish OB with LTF confirmation.
Aviso legal
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