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Bitcoin funding rates show demand to short BTC as $ 40K becomes resistance By Cointelegraph

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Bitcoin funding rates show demand to short BTC as $ 40K becomes resistance

(BTC) consolidated below $ 40,000 on April 23 as market expectations favored further losses.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed a bearish BTC / USD after the pair touched $ 39,200 on Friday’s Wall Street open.

BTC funding rates chart. Source: Coinglass
Crypto Fear & Greed Index (screenshot). Source: Alternative.me

DXY resistance sought for BTC trend break

US dollar currency index (DXY) vs. BTC / USD annotated chart. Source: Crypto Rover / Twitter (NYSE 🙂
US dollar currency index (DXY) 1-week candle chart. Source: TradingView