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| Price | ▲ 0.19% | ▲ 0.03% | ▼ 0.36% | ▼ 0.15% |
| Energy | ▲ 12.0 | ▲ 2.0 | ▼ 40.1 | ▼ 53.2 |
Trend of Bear Bias BTCUSD 1H
▸When BTCUSD is in Bear Bias:
- then BTCUSD moved to higher Market State: 5,242 times — 66.6%
- then BTCUSD moved to lower Market State: 2,634 times — 33.4%
▸Current BTCUSD market energy: -38.46%
- Distance to upper bound of Bear Bias (at -20.88%): 17.58%
- Distance to lower bound of Bear Bias (at -60%): 21.54%
"Let data guide you, but never trust it completely" — 2AITRADING
Right as the 1H candle closes, BTCUSD in the Bear Bias zone.
Market energy measurement Market Energy at -38.5%, down -53.2% from 14.8% in the previous candle.
Time in Bear Bias energy zone: 1 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 -83.1 to +99.6.
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 13:00 on 29-05-2024 closed, BTCUSD was at 68,410.53, down 0.15% from the previous candle (68,512.14). Market Energy was -38.5%, down 53.2 points from 14.8%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did BTCUSD price move on this 1H candle, and how large is that historically?
BTCUSD closed at 68,410.53, down 0.15% from the previous 1H candle (68,512.14). This drop is larger than 33% of past drops on the 1H timeframe for BTCUSD, across 47,396 candles since 2019.
How did BTCUSD Market Energy change from the previous candle?
Market Energy fell 53.2 percentage points from the previous candle — from 14.8% to -38.5%. This drop is larger than 93% of past drops on the 1H timeframe for BTCUSD.
Do BTCUSD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was BTCUSD in on the previous 1H candle?
The previous 1H candle had BTCUSD at 14.8%, Neutral — when this candle closed, BTCUSD moved down to a lower zone: Neutral → Bear Bias.
Where does BTCUSD energy sit within the Bear Bias zone?
At -38.5%, BTCUSD is 17.58 points from the upper boundary of Bear Bias (-20.88%) and 21.54 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear 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 Bear Bias with energy -59.4%; GER40 (European equities) in Bear Bias with energy -58.6%. Against this backdrop, BTCUSD (Bear Bias, -38.5%) sits in the same state zone as SPX500, GER40.
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 Bull Bias with Market Energy 23.4%. BTCUSD (Bear 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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