The main dishes to remember:
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Bitcoin Futures Open Interest climbed + 7% in 30 days, suggesting a bullish change in feeling.
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A momentum indicator on the Bitcoin market shows that long -term purchase pressure increases.
The term contracts on Bitcoin (BTC) have shown a renewed force, because their open -minded open interest (OI) has jumped + 7% in the last 30 days, marking the first sustained increase since the withdrawal of May at 12% from June. This renewal indicates a potential change in feeling, traders positioning themselves more and more for the increase as their appetite for the volume and the lever effect.
The increase in the OI with the price generally suggests a bullish momentum while fresh capital enters the market to support an upward trend. However, the Bitcoin Axel Adler Jr. researcher warned that a confirmed break may require ON growth to exceed + 10%, ideally twinned with expanding trading volumes to validate the movement.
In addition, Adler Jr. noted that the Bitcoin Futures Market Power V2.0 indicator, which combines the OI, the financing rates and the assault on the Prenet side, is currently at 22,000. Although far from the euphoric levels observed in the rallies passed with scores greater than 80,000, the metric reflects an increase in long -term pressure and a consensus overheating. The indicator reflects a positive score for the first time since May, while a similar score in the range of 20,000 reported the lower price in April.
The positioning of the term contracts on Bitcoin has not overturned positive, a long clear exposure increasing to $ 27.4 million. This net optimistic position remained above zero for more than 24 hours, which suggests that even if BTC is consolidated nearly $ 108,000, traders gradually stack long positions in anticipation of an upward break.
Related: Bitcoin Bollinger groups reach the critical point before “rising rupture”
Bitcoin can see “equality of stockings” drop below $ 107,000
After closing his strongest weekly candle, Bitcoin faced a minor withdrawal at $ 108,000, against $ 109,500, forming a double over time. Despite the DIP, BTC maintains an intra -day support on the 200 -day exponential mobile average (EMA) on the one hour table.
However, a bass scan equal to nearly $ 107,300 remains likely before the increase. Equal stockings refer to prices where BTC has formed several identical support levels, generally signaling rest liquidity that traders could target for a deeper movement. In this case, the anterior BTC hollow at $ 107,300 aligns with a previous liquidity block, strengthening the probability of a hunt for loss of stop.
A movement of less than $ 107,000 could fill the difference in fair value nearly between $ 107,000 and $ 106,300. A rapid bullish reaction would be central to less than $ 107,000, marked by a strong absorption of purchase, which should return the BTC over $ 108,000. Not doing it could open the door to deeper losses at $ 105,000.
Conversely, a strong defense of $ 108,000, followed by a net break greater than $ 109,500, would invalidate the story of equal Highs and prepare the ground for a rally over $ 112,000 this week.
Related: “False Move” at $ 105,000? 5 things to know in Bitcoin this week
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
