Ten-year Treasury yield daily close: 3.13%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atBitcoin traded 1.34% higher on Tuesday, but both technical and on-chain analytics imply uncertainty. BTC’s daily candle indicated an “inside day,” where the trading range is smaller than it was the day before.
An inside day can indicate lower price volatility as well as a lack of conviction among traders. The price range consolidation can also signal that prices are set to break out from their current trading range.shows that BTC funding rates remain negative, indicating that bearish investors are paying bullish traders for the right to be short BTC. Funding rates have been negative for 11 out of the last 12 days, signaling that bearish sentiment is dominant at the moment.
BTC’s current Z-Score is -0.13, implying that prices are undervalued. Historically, BTC prices have moved higher following a negative score, but traders should be cautious to trade based on this metric alone.shows that BTC is trading 5% below its"point-of-control" price of $21,132, dating to January. Point of control represents a “high volume node,” and is identified using the “volume profile visible range tool. The tool displays trading activity across price levels over time.
In concert with an RSI reading of 35 , traders may be expecting BTC to trade relatively flat in the near term, as BTC appears to be neither overbought nor oversold at the moment, with single-digit upside to its point of control.are likely viewing current prices’ proximity to the double-bottom formation that occurred in July, and in turn expecting a bounce higher.
Ether liquidations were more than double those of bitcoin as trading activity intensified ahead of Ethereum's Merge next month.
GWilliamsJr_CMT _jocelynyang_ The situation on the market is really very unclear