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| Price | ▲ 0.25% | ▼ 0.52% | ▼ 2.67% | ▼ 0.80% |
| Energy | ▼ 11.2 | ▼ 5.9 | ▼ 15.4 | ▼ 19.1 |
Trend of Bull Bias BTCUSD Weekly
▸When BTCUSD is in Bull Bias:
- then BTCUSD moved to higher Market State: 31 times — 50.8%
- then BTCUSD moved to lower Market State: 30 times — 49.2%
▸Current BTCUSD market energy: 23.41%
- Distance to upper bound of Bull Bias (at 60%): 36.59%
- Distance to lower bound of Bull Bias (at 20.88%): 2.53%
"Does history really repeat itself?" — 2AITRADING
As the Weekly candle closes, BTCUSD shows the Bull Bias state.
On the measurement side, Compared to the previous candle (42.6%), Market Energy dropped -19.1% to 23.4%.
Time in Bull Bias energy zone: 3 Weekly 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.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did BTCUSD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 31-07-2023 closed, BTCUSD was at 29,053.48, down 0.8% from the previous candle (29,288.27). Market Energy was 23.4%, down 19.1 points from 42.6%, 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 Weekly candle, and how large is that historically?
BTCUSD closed at 29,053.48, down 0.8% from the previous Weekly candle (29,288.27). This drop is larger than 15% of past drops on the Weekly timeframe for BTCUSD, across 239 candles since 2019.
How did BTCUSD Market Energy change from the previous candle?
Market Energy fell 19.1 percentage points from the previous candle — from 42.6% to 23.4%. This drop is larger than 73% of past drops on the Weekly timeframe for BTCUSD.
Do BTCUSD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was BTCUSD in on the previous Weekly candle?
The previous Weekly candle had BTCUSD at 42.6%, Bull Bias — this candle kept the same state, no zone change.
Where does BTCUSD energy sit within the Bull Bias zone?
At 23.4%, BTCUSD is 36.59 points from the upper boundary of Bull Bias (60%) and 2.53 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 Bias with energy 46.9%; GER40 (European equities) in Bull Extreme with energy 78.1%. Against this backdrop, BTCUSD (Bull Bias, 23.4%) lower than GER40; sits in the same state zone as 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 Neutral with Market Energy -0.8%. BTCUSD energy is currently above DXY by 24.2 points.
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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