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| Price | ▲ 2.78% | ▼ 4.31% | ▼ 5.17% | ▼ 0.75% |
| Energy | ▼ 1.7 | ▼ 18.1 | ▼ 63.0 | ▼ 1.5 |
Trend of Bear Bias BTCUSD Weekly
▸When BTCUSD is in Bear Bias:
- then BTCUSD moved to higher Market State: 33 times — 61.1%
- then BTCUSD moved to lower Market State: 21 times — 38.9%
▸Current BTCUSD market energy: -36.91%
- Distance to upper bound of Bear Bias (at -20.88%): 16.03%
- Distance to lower bound of Bear Bias (at -60%): 23.09%
"Past — present — future. The past and present are known. The future is yours" — 2AITRADING
After the Weekly data updates, BTCUSD shows Bear Bias.
The energy side shows Market Energy dropped -1.5% this candle, currently -36.9% (previous candle -35.4%).
Time in Bear Bias energy zone: 2 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 24-06-2024 closed, BTCUSD was at 62,722.89, down 0.75% from the previous candle (63,198.38). Market Energy was -36.9%, down 1.5 points from -35.4%, 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 Weekly candle, and how large is that historically?
BTCUSD closed at 62,722.89, down 0.75% from the previous Weekly candle (63,198.38). This drop is larger than 16% of past drops on the Weekly timeframe for BTCUSD, across 286 candles since 2019.
How did BTCUSD Market Energy change from the previous candle?
Market Energy fell 1.5 percentage points from the previous candle — from -35.4% to -36.9%. This drop is larger than 7% 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 -35.4%, Bear Bias — this candle kept the same state, no zone change.
Where does BTCUSD energy sit within the Bear Bias zone?
At -36.9%, BTCUSD is 16.03 points from the upper boundary of Bear Bias (-20.88%) and 23.09 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 Neutral with energy -1.7%; GER40 (European equities) in Bull Bias with energy 31.1%. Against this backdrop, BTCUSD (Bear Bias, -36.9%) 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 Bull Bias with Market Energy 49.4%. 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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