Flat week on $BTC, and that's the whole story today.
Down 0.1% over seven days, up 0.1% on the day, price around 83.4k between an 85.6k high and the 82.5k low from under three days ago. A narrow box and no attempt to leave it.
Funding is 0.0035%. Nobody is paying anything worth mentioning to be positioned either way.
Greed at 74 is the reading that sits oddly against that. Warm mood, dead price, no leverage behind it.
So no new trade. What I want is either a close through 85.6k or a real test of 82.5k, and neither is on offer from here.
Ranges this quiet tend to end by catching someone out. Which side do you think it is this time?
Down 0.1% over seven days, up 0.1% on the day, price around 83.4k between an 85.6k high and the 82.5k low from under three days ago. A narrow box and no attempt to leave it.
Funding is 0.0035%. Nobody is paying anything worth mentioning to be positioned either way.
Greed at 74 is the reading that sits oddly against that. Warm mood, dead price, no leverage behind it.
So no new trade. What I want is either a close through 85.6k or a real test of 82.5k, and neither is on offer from here.
Ranges this quiet tend to end by catching someone out. Which side do you think it is this time?
