buy on weakness
Bitcoin XBTUSD Funding and Price Outlook
The Bitcoin contract price on BitMEX XBTUSD is currently at $104,936.6. The funding rate stands at -0.0091%, indicating a slightly bullish sentiment with an increase in long positions. The upcoming funding shift is expected at -0.0085%, also favoring longs. The day's price fluctuation has ranged from a high of $105,289.4 to a low of $103,473.3. Funding occurs thrice daily at 5:00 AM, 1:00 PM, and 9:00 PM, with caution advised when percentages are high. For more insights, explore what TUNA BOT can offer.
Source available for registered users Sign Up Free
AI Analysis
The current data on BitMEX XBTUSD indicates a narrow price range with a slight upward bias, as reflected in the negative funding rates which favor long positions. The slight increase in funding rate s...
AI Recommendation
Given the slight bullish bias indicated by the negative funding rates and the relatively narrow trading range, it may be prudent to consider maintaining or initiating small long positions, provided th...
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:
sell
strong buy
don't buy
sell on strength
