Market Recap
Yesterday, Bitcoin traded sideways between $9,700–$9,588 with low volatility and thin volume, closing 0.6% lower. As of writing, it has broken below this range to $9,521.
Key Market Indicators
1. Capital Flows
- Net Institutional Inflow: $1.511B (as of 14:22 UTC), down from previous days.
- Retail Outflow: $157M, indicating minor profit-taking.
- Regional Inflows: USD pairs saw $211M inflow; USDT pairs attracted $987M, though Asian/European inflows slowed significantly.
2. Futures Data
Trading Sentiment
- OKEx: Long/short ratio rose slightly to 1.11.
- Binance: Ratio climbed from 0.87 to 1.03 in 24hrs.
- Huobi: Long dominance held at ~52.5%.
Platform Averages
- Long positions: 50.59%
- Short positions: 49.41%
(Okex slightly favored shorts; others leaned long)
3. Fear & Greed Index
Jumped from 41 (fear) to 50 (neutral), signaling improved market optimism.
Technical Analysis
BTC (Daily Chart)
- Breakdown Signal: Price fell below the $9,588 support after a false breakout, suggesting bearish pressure.
Strategy:
- Short Entry: $9,588–$9,680 | Stop-loss: $9,780 | Target: $9,400.
- Long Entry: $9,400 | Stop-loss: $9,300 | Target: $9,580.
Altcoins Outlook
- ETH: Rejected at $249 resistance; support at $240.
- BCH: Tested $242–$243 resistance thrice but failed to break through.
- EOS: Weakest performer; stuck below $2.6227 resistance.
FAQs
Q: Is Bitcoin’s breakout sustainable?
A: The false breakout below $9,588 hints at short-term bearishness. Monitor volume for confirmation.
Q: What’s driving retail outflows?
A: Profit-taking after recent gains, compounded by low institutional momentum.
Q: Best levels to trade altcoins?
A: ETH—watch $240/$249; BCH—track $231/$243; EOS—range-bound between $2.4277–$2.6227.
👉 Master Bitcoin Trading Strategies
👉 Altcoin Swing Trade Guide