Bitcoin - What to expect?

In this analysis, we will focus on BTCUSDT 's price movements and the PVVM (Price-Volume-Volatility-Momentum).

Macro PVVM:

The Macro PVVM represents the long-term trend of BTCUSDT . As we can observe, the Macro PVVM has been fluctuating in the overbought zone between 101 and 221 over the analyzed period. Currently, it stands at 146, indicating a positive but slightly weakening long-term trend. While the value remains above 0, suggesting a bullish outlook, traders should closely monitor any further decline towards the bearish territory.

Micro PVVM:

The Micro PVVM reflects the short-term trend. Over the past days, it has oscillated between 33 and -75 signifying a bearish short-term momentum.

Key Takeaways:

1. On the last two days, we observed that the Macro PVVM decreased from while the Micro PVVM also decreased. This indicates a bearish macro trend and a bearish short-term movement.
2. Both the long-term and short-term indicators align in showing a bearish sentiment, suggesting potential further downward movement for BTCUSD .

Conclusion:

Given the current analysis, traders should exercise caution in entering long positions due to the weakening long-term trend. Short entries might be considered.