Resolution criteria

This market will resolve to "Yes" if the daily candlestick for Bitcoin (BTC) closes with a higher closing price than its opening price for the specified date. Conversely, it will resolve to "No" if the closing price is equal to or lower than the opening price. The daily candlestick closes at 00:00 Coordinated Universal Time (UTC), which corresponds to 8:00 PM Eastern Daylight Time (EDT) or 7:00 PM Eastern Standard Time (EST), depending on the time of year. (bitget.site)

Background

A candlestick chart is a type of financial chart used to represent price movements of an asset over a specific period. Each candlestick displays four key pieces of information: the opening price, closing price, highest price, and lowest price during the selected timeframe. A candlestick is considered "positive" or "bullish" when the closing price is higher than the opening price, typically represented by a green or white body. Conversely, a "negative" or "bearish" candlestick occurs when the closing price is lower than the opening price, often shown with a red or black body. (investopedia.com)

Considerations

Traders should be aware that cryptocurrency markets operate 24/7, and the daily candlestick close is standardized at 00:00 UTC across most exchanges. This uniform closing time allows for consistent analysis and comparison of daily price movements. It's important to note that during Daylight Saving Time, the daily close occurs at 8:00 PM EDT, while during Standard Time, it occurs at 7:00 PM EST. (bitget.site)