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| Price | ▲ 0.36% | ▼ 0.00% | ▲ 0.25% | ▼ 0.15% |
| Energy | ▲ 22.0 | ▲ 19.1 | ▲ 20.1 | ▼ 2.1 |
Trend of Bull Bias BTCUSD 1H
▸When BTCUSD is in Bull Bias:
- then BTCUSD moved to higher Market State: 3,354 times — 38.3%
- then BTCUSD moved to lower Market State: 5,404 times — 61.7%
▸Current BTCUSD market energy: 28.16%
- Distance to upper bound of Bull Bias (at 60%): 31.84%
- Distance to lower bound of Bull Bias (at 20.88%): 7.28%
"History always repeats itself, one way or another" — 2AITRADING
Observing the completed 1H candle, Market Energy of BTCUSD indicates the Bull Bias level.
Looking at the Market Energy reading, Market Energy dropped -2.1% from the previous candle, from 30.2% to 28.2%.
Time in Bull Bias energy zone: 2 1H Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, BTCUSD Market Energy ranged from -78.7 to +92.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did BTCUSD price and energy show when this 1H candle closed?
When the 1H candle at 05:00 on 31-10-2023 closed, BTCUSD was at 34,480.37, down 0.15% from the previous candle (34,533.13). Market Energy was 28.2%, down 2.1 points from 30.2%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did BTCUSD price move on this 1H candle, and how large is that historically?
BTCUSD closed at 34,480.37, down 0.15% from the previous 1H candle (34,533.13). This drop is larger than 34% of past drops on the 1H timeframe for BTCUSD, across 42,324 candles since 2019.
How did BTCUSD Market Energy change from the previous candle?
Market Energy fell 2.1 percentage points from the previous candle — from 30.2% to 28.2%. This drop is larger than 11% of past drops on the 1H timeframe for BTCUSD.
Do BTCUSD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes the candle that just closed; it does not say where price goes next.
What state was BTCUSD in on the previous 1H candle?
The previous 1H candle had BTCUSD at 30.2%, Bull Bias — this candle kept the same state, no zone change.
Where does BTCUSD energy sit within the Bull Bias zone?
At 28.2%, BTCUSD is 31.84 points from the upper boundary of Bull Bias (60%) and 7.28 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Critical with energy 65.8%; GER40 (European equities) in Neutral with energy 18.9%. Against this backdrop, BTCUSD (Bull Bias, 28.2%) has higher energy than GER40; lower than SPX500.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Critical with Market Energy -66.8%. BTCUSD (Bull Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for BTCUSD.
Open Energy ChartSee the full 2AiTrading Model data for BTCUSD on the BTCUSD overview →
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