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When Does the Bitcoin Market Operate? Complete Guide to Trading Hours
The Daily Cycle of the Cryptocurrency Market
The cryptocurrency market operates 24 hours a day, 7 days a week. For technical analysis purposes, the trading day begins exactly at 00:00:00 UTC and ends at 23:59:59 UTC. This time frame is essential for understanding the closing of daily candles on technical analysis charts used by traders.
The Daily Close: Key Concept in Cryptocurrency Trading
Although trading with Bitcoin and other cryptocurrencies occurs continuously throughout the day, the "daily close" represents a standardized timeframe that traders use to measure performance. This 24-hour period specifically concludes at 00:00 UTC, at which point analysts and traders compare the current price with the price recorded exactly 24 hours earlier.
This concept is essential for:
Peak Trading Hours in the Bitcoin Market
The moments of highest trading volume in the Bitcoin market tend to follow traditional trading hours in different regions of the world. Generally, the highest trading volume concentrates between 8:00 AM and 4:00 PM in each local time zone. This creates three major waves of activity that follow the sun around the world:
These periods represent the times when market liquidity tends to be higher and where more significant price movements can occur.
Differences Between Daily and Weekly Candles
In the technical analysis of cryptocurrencies, the (candlesticks) visually represent the price behavior over a specific period. The main differences are:
Daily Candle: A candle closes and a new one opens on the first operation after 00:00:00 UTC. If no operation is completed in the first 14 seconds, the new candle will open at 00:00:14 UTC.
Weekly Candle: The close of the weekly candle coincides with the close of the daily candle on Sunday. This moment marks the end of one trading week and the beginning of another in the cryptocurrency markets.
Understanding these time frames is fundamental for developing effective trading strategies and chart interpretation, especially for those who conduct technical analysis across multiple time scales.