$BTW just went parabolic and now it’s cooling off.
Ripped from under $0.26 all the way to $0.78 in a few days, then dumped hard. Currently sitting at $0.42 after that wild ride. Volume was insane on the way up.
🔸Key levels right now:
Support: $0.37–$0.36 (recent demand + dashed line), then the bigger $0.32–$0.26 zone
Resistance: $0.44 (local), then $0.50–$0.56, and the big one back at $0.78
On-chain / catalysts: Heavy whale concentration, ongoing Binance Wallet booster rewards, new OneKey staking integration, and solid TVL growth in the Earn vaults. That’s what fueled the FOMO. But supply is still concentrated, so big holders can move the price fast either way.
Is $1–$1.2 next?
Short-term probability is low (maybe 15–20%). We need to reclaim $0.50–$0.60 with real volume first. Longer-term if the Bitcoin-native yield narrative keeps heating up and the market stays risk-on, it’s possible — but right now it’s in digestion mode after a 200%+ pump.
Structure isn’t dead (higher lows still possible), but it’s no longer strongly bullish in the short term. Oversold on StochRSI though, so a bounce from here wouldn’t surprise me.
Anyone still holding or did you take profits at the top?
Drop your take 👇
#ShareYourThoughtOnBTC
Ripped from under $0.26 all the way to $0.78 in a few days, then dumped hard. Currently sitting at $0.42 after that wild ride. Volume was insane on the way up.
🔸Key levels right now:
Support: $0.37–$0.36 (recent demand + dashed line), then the bigger $0.32–$0.26 zone
Resistance: $0.44 (local), then $0.50–$0.56, and the big one back at $0.78
On-chain / catalysts: Heavy whale concentration, ongoing Binance Wallet booster rewards, new OneKey staking integration, and solid TVL growth in the Earn vaults. That’s what fueled the FOMO. But supply is still concentrated, so big holders can move the price fast either way.
Is $1–$1.2 next?
Short-term probability is low (maybe 15–20%). We need to reclaim $0.50–$0.60 with real volume first. Longer-term if the Bitcoin-native yield narrative keeps heating up and the market stays risk-on, it’s possible — but right now it’s in digestion mode after a 200%+ pump.
Structure isn’t dead (higher lows still possible), but it’s no longer strongly bullish in the short term. Oversold on StochRSI though, so a bounce from here wouldn’t surprise me.
Anyone still holding or did you take profits at the top?
Drop your take 👇
#ShareYourThoughtOnBTC