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| Price | ▲ 7.79% | ▲ 3.35% | ▼ 1.09% | ▲ 2.78% |
| Energy | ▲ 6.6 | ▲ 9.6 | ▼ 6.7 | ▼ 1.7 |
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: 45.75%
- Distance to upper bound of Bull Bias (at 60%): 14.25%
- Distance to lower bound of Bull Bias (at 20.88%): 24.87%
"A person's history reveals more than you might think" — 2AITRADING
Right as the Weekly candle closes, BTCUSD noted at the Bull Bias state.
Market energy movement Market Energy dropped -1.7% from the previous session, from 47.5% to 45.7%.
Time in Bull Bias energy zone: 8 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 03-06-2024 closed, BTCUSD was at 69,643.44, up 2.78% from the previous candle (67,758.16). Market Energy was 45.7%, down 1.7 points from 47.5%, 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 69,643.44, up 2.78% from the previous Weekly candle (67,758.16). This rise is larger than 30% of past rises on the Weekly timeframe for BTCUSD, across 283 candles since 2019.
How did BTCUSD Market Energy change from the previous candle?
Market Energy fell 1.7 percentage points from the previous candle — from 47.5% to 45.7%. This drop is larger than 7% of past drops on the Weekly timeframe for BTCUSD.
Do BTCUSD price and energy agree?
No. On this candle price rose but energy fell — the two moved in opposite directions. This describes a closed candle, not a forecast of where price goes next.
What state was BTCUSD in on the previous Weekly candle?
The previous Weekly candle had BTCUSD at 47.5%, Bull Bias — this candle kept the same state, no zone change.
Where does BTCUSD energy sit within the Bull Bias zone?
At 45.7%, BTCUSD is 14.25 points from the upper boundary of Bull Bias (60%) and 24.87 points from the lower boundary (20.88%) — so energy sits closer to the upper 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 Extreme with energy 93.5%; GER40 (European equities) in Bull Extreme with energy 99.1%. Against this backdrop, BTCUSD (Bull Bias, 45.7%) lower than 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 Neutral with Market Energy -11.8%. BTCUSD energy is currently above DXY by 57.6 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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