strong buy
Bitcoin Bullish Momentum Surges with Longs on Binance and Bullish Chart Patterns
The Binance platform is currently in a long position, while Bybit, with its hyper-liquidity, is betting on short positions.
The overall funding rate, weighted by Bitcoin open interest across all exchanges, stands at 0.0018%.
Where are most longs concentrated? Bitcoin is drawing bullish patterns one after another. Such a bullish flag hasn't been seen in Bitcoin for a long time. It might be a wedge, but a breakout from these patterns would likely be upwards.
Source available for registered users Sign Up Free
AI Analysis
Analyzing the current market sentiment, the dominance of long positions on Binance suggests that traders have a positive outlook on Bitcoin's short-term direction. The hyper-liquidity on Bybit with sh...
AI Recommendation
Given the presence of strong bullish technical patterns and a predominantly long positioning on Binance, it might be prudent for traders to consider entry points aligned with potential breakout levels...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
trade
buy on weakness