$BTC update

the pullback I was watching finally showed up

BTC dipped into the $61,800–$62,400 zone and tapped the lower end of it, but so far no 4H close below $61,500

so the structure is still intact

I wouldn’t call this a strong reversal yet though

funding is still slightly positive, spot volume hasn’t picked up much, and this bounce looks more like short covering than fresh buying

if you’re already in from the dip, the trade still holds

but I’m not adding size at this level

what I want to see next:

$63,000 reclaim and hold

then

$64,200 acceptance

a 4H close below $61,500 invalidates this idea for me

the dip happened. now BTC needs to show it can actually push higher