#CryptoTrading. #bitcoin #market
🚀 $BTC Analysis: Healthy Momentum and Ready for a New Break
The last week for Bitcoin has shown clear positive dynamics — the price confidently rose from $62,500 to a local peak of $66,000, after which it entered a phase of calm consolidation around $65,000.
Let's analyze what is happening in the market:
📊 Key metrics:
➡️ CVD and Volumes: The upward movement is supported by aggressive spot purchases on Binance, OKX and Bybit. This is not just a "squeeze" by futures, but real demand in the market.
➡️ Open Interest (OI): Maintained at a high level ($15B–$17B). Capital remains in the market, no deleveraging has occurred.
➡️ Funding Rate & Basis: Funding is near zero (0–5% APR), and the 3-month basis is at ~4.25%. This indicates that the market is not overheating with longs. Market sentiment is moderately optimistic with no signs of euphoria.
➡️ Liquidations: The main wave of short liquidations has already occurred during the impulses of August 3 and 6–7, after which the market entered a flat to accumulate strength.
⚠️ Conclusion and scenarios:
The market is demonstrating healthy structural growth without accumulating a dangerous shoulder.
🟢 Bullish scenario: Holding the support zone of $64,000 - $64,500 maintains priority for the continuation of the uptrend. The nearest goal is to consolidate above $66,000 with a further exit to $67,500+.
🔴 Bearish scenario: Loss of support status at the level of $64,000 may lead to a local correction to the area of $62,500 (strong buyer zone).
🚀 $BTC Analysis: Healthy Momentum and Ready for a New Break
The last week for Bitcoin has shown clear positive dynamics — the price confidently rose from $62,500 to a local peak of $66,000, after which it entered a phase of calm consolidation around $65,000.
Let's analyze what is happening in the market:
📊 Key metrics:
➡️ CVD and Volumes: The upward movement is supported by aggressive spot purchases on Binance, OKX and Bybit. This is not just a "squeeze" by futures, but real demand in the market.
➡️ Open Interest (OI): Maintained at a high level ($15B–$17B). Capital remains in the market, no deleveraging has occurred.
➡️ Funding Rate & Basis: Funding is near zero (0–5% APR), and the 3-month basis is at ~4.25%. This indicates that the market is not overheating with longs. Market sentiment is moderately optimistic with no signs of euphoria.
➡️ Liquidations: The main wave of short liquidations has already occurred during the impulses of August 3 and 6–7, after which the market entered a flat to accumulate strength.
⚠️ Conclusion and scenarios:
The market is demonstrating healthy structural growth without accumulating a dangerous shoulder.
🟢 Bullish scenario: Holding the support zone of $64,000 - $64,500 maintains priority for the continuation of the uptrend. The nearest goal is to consolidate above $66,000 with a further exit to $67,500+.
🔴 Bearish scenario: Loss of support status at the level of $64,000 may lead to a local correction to the area of $62,500 (strong buyer zone).