๐ธ๐๐ ๐ค๐ฆ๐๐๐๐๐๐ช ๐๐ง๐๐ฃ๐ช๐ ๐๐ ๐ ๐ ๐๐ข๐ฆ๐๐ฃ๐ ๐๐ค ๐ก๐ ๐ค๐ฅ๐๐๐:
โ๐น๐โ ๐๐ ๐น๐ธโ๐ ๐โ
But here's what I think we're missing:
This isn't just about Bitcoin going from ~$64K to nearly $79K. BTC has just put together one of its strongest weekly moves in years, while several things changed underneath the surface:
* U.S. Treasury bond-buyback expectations improved liquidity sentiment
* Bitcoin ETF inflows returned
* A weaker dollar helped risk assets
* Short positions were squeezed as BTC moved higher
So yesโฆ the pump is real.
๐๐๐ ๐ต๐ฒ๐ฟ๐ฒ'๐ ๐๐ต๐ฒ ๐๐ป๐ฐ๐ผ๐บ๐ณ๐ผ๐ฟ๐๐ฎ๐ฏ๐น๐ฒ ๐ฝ๐ฎ๐ฟ๐:
$BTC is now extremely overbought on some momentum indicators.
That means the interesting question isn't:
โIs BTC bullish?โ
The better question is:
โCan BTC hold these levels after the excitement disappears?โ ๐ Because anyone can celebrate a green candle.
If BTC holds โ the market may be telling us this rally has deeper strength.
If BTC loses momentum โ we may discover that part of this move was simply short sellers getting trapped.
Either way, I'm watching $77Kโ$80K very closely.
Not financial advice. Just watching the market like everyone else. ๐
โ๐น๐โ ๐๐ ๐น๐ธโ๐ ๐โ
But here's what I think we're missing:
This isn't just about Bitcoin going from ~$64K to nearly $79K. BTC has just put together one of its strongest weekly moves in years, while several things changed underneath the surface:
* U.S. Treasury bond-buyback expectations improved liquidity sentiment
* Bitcoin ETF inflows returned
* A weaker dollar helped risk assets
* Short positions were squeezed as BTC moved higher
So yesโฆ the pump is real.
๐๐๐ ๐ต๐ฒ๐ฟ๐ฒ'๐ ๐๐ต๐ฒ ๐๐ป๐ฐ๐ผ๐บ๐ณ๐ผ๐ฟ๐๐ฎ๐ฏ๐น๐ฒ ๐ฝ๐ฎ๐ฟ๐:
$BTC is now extremely overbought on some momentum indicators.
That means the interesting question isn't:
โIs BTC bullish?โ
The better question is:
โCan BTC hold these levels after the excitement disappears?โ ๐ Because anyone can celebrate a green candle.
If BTC holds โ the market may be telling us this rally has deeper strength.
If BTC loses momentum โ we may discover that part of this move was simply short sellers getting trapped.
Either way, I'm watching $77Kโ$80K very closely.
Not financial advice. Just watching the market like everyone else. ๐