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| Price | ▲ 3.35% | ▼ 1.09% | ▲ 2.78% | ▼ 4.31% |
| Energy | ▲ 9.6 | ▼ 6.7 | ▼ 1.7 | ▼ 18.1 |
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: 27.64%
- Distance to upper bound of Bull Bias (at 60%): 32.36%
- Distance to lower bound of Bull Bias (at 20.88%): 6.76%
"Let data guide you, but never trust it completely" — 2AITRADING
Following the completion of the Weekly candle, BTCUSD within the energy level leaning Bull.
Looking at the Market Energy reading, Market Energy moved from 45.7% to 27.6%, down -18.1% from the previous candle.
Time in Bull Bias energy zone: 9 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 10-06-2024 closed, BTCUSD was at 66,640.79, down 4.31% from the previous candle (69,643.44). Market Energy was 27.6%, down 18.1 points from 45.7%, 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 66,640.79, down 4.31% from the previous Weekly candle (69,643.44). This drop is larger than 59% of past drops on the Weekly timeframe for BTCUSD, across 284 candles since 2019.
How did BTCUSD Market Energy change from the previous candle?
Market Energy fell 18.1 percentage points from the previous candle — from 45.7% to 27.6%. This drop is larger than 74% 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 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 45.7%, Bull Bias — this candle kept the same state, no zone change.
Where does BTCUSD energy sit within the Bull Bias zone?
At 27.6%, BTCUSD is 32.36 points from the upper boundary of Bull Bias (60%) and 6.76 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 Bear Bias with energy -31.2%; GER40 (European equities) in Neutral with energy -1.4%. Against this backdrop, BTCUSD (Bull Bias, 27.6%) has higher energy 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 Bull Extreme with Market Energy 93.1%. BTCUSD (Bull Bias) and DXY currently sit on the same Bull side.
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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