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🟢 Below 0.15 indicates extreme market fear (oversold), typically marking major buying opportunities
🔴 Above 0.75 signals strong greed (overbought), usually preceding market tops or corrections #BTC
⚠️ Current Situation Analysis: Interestingly, during this current market cycle, BCMI hasn't yet reached the typical "overheated" zone (above 0.75). It's currently hovering below 0.5, suggesting we're at a crucial market juncture: #BTC
Scenario A: We might be experiencing a healthy, normal correction within an ongoing bull market, providing an opportunity before the next upward move #BTC
Scenario B: Alternatively, the market could be signaling an atypical end of the bull cycle, entering bear market territory earlier than historical patterns suggest.
Watch closely for clear directional cues from the BCMI’s 7-day & 90-day moving averages #BTC $BTC $ETH $XRP
Coinbase Premium Signaling a Bullish Shift for Bitcoin? 👀
#Coinbase Premium Index:
In recent weeks, the index has hovered around zero, reflecting shifts in sentiment among U.S. traders
More recently, it appears to be trending toward positive territory, potentially signaling renewed interest in #BTC on Coinbase.
Historically, a sustained positive #Coinbase Premium has sometimes coincided with upward price momentum,
as heightened demand from U.S. investors can bolster global market confidence
Nonetheless, it is prudent to track additional indicators—such as trading volumes and on-chain data—to gain a more complete perspective #BTC
While a return to positive territory can be seen as a bullish signal, investors should stay alert to other market factors that could quickly influence sentiment #BTC #ETH $BTC
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Short and Medium Term #Bitcoin Investors Key Cost Levels 👀
Investors holding #BTC for less than 155 days are classified as short-term holders. Their cost basis highlights four key levels to watch: 🟣 $98K (1-3 months) 🔵 $89K (3-6 months) 🟢 $85K (1-4 weeks) 🟡 $63K (6-12 months)
These levels serve as #BTC critical support and resistance zones in the short term 🚨