Shares of Amazon, Apple, Google and Facebook all showed great gains after the close as they reported strong earnings in their reports. As a result, the NASDAQ index showed positive dynamics and growth of 0.43%, while the SP500 and Dow Jones are in the red. We also remind you that a large number of contracts in options on BTC expire today, which can provoke an increased volatility of the asset.
1H BTC chart
Yesterday the bears managed to lower the price to the $ 10,800 support and test the EMA 1H. An excellent buyback followed from these values and an increase to the $ 11,200 zone, after which BTC went down again. Now we can draw a trend line from below, with which the price interacts perfectly. Most likely, if BTC breaks this trend line, then we will go for a correction. In the meantime, we are taller than her, then short is quite dangerous.
A historic record was set for the total open interest in BTC futures on all major exchanges.
The monthly correlation between BTC and gold is the highest since the beginning of 2019.
Meanwhile, the correlation with ETH is waning.
☢️ The Fear & Greed Index showed the most extreme greed in a year.
This week, the Crypto Fear & Greed Index entered the zone of extreme greed for the first time in a year.
▪️This index last saw higher levels on July 10, 2019, when Bitcoin was worth $ 13,000.
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