FTX:BTCPERP   Bitcoin Perpetual Futures
1W/1D Charts

Break out of downtrend with a massive 12% daily candle after tapping weekly demand zone and the CME gap which was the supply to demand flip.

Weekly close showing a pin bar on the prior week and now we are currently consolidating just below a daily supply level. MACD open weekly starting to show signs of strength here too.

Looking for a pullback and the formation of a HL to flip bullish here.

Market outlook is looking greener on a whole here with some relief coming in for BTC and alts. Lets see what the new week brings for the markets.

Penafian

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