BMT closed the day 27.69% lower and is sitting at 1.6% of its own 24h range - effectively on the floor.
The 15m chart has been fighting over one price all session. 0.02343 is where $BMT is decided - 19 measured touches. It has held every time so far. Above it, 0.02466 is the ceiling with 46 touches; that is where every bounce has died.
Invalidation is tight: lose 0.02329 on the 1h - 8 touches - and the next measured shelf is 0.0213, with only 4 touches behind it. Thin.
The uncomfortable part: this is not capitulation. 15m volume is running at 0.57x its 20-bar average, 1h at 0.16x. Price is falling on almost nobody. And daily RSI is still 94.51 after a 27% down day - the move that mattered already happened, on the way up.
Nothing in the majors explains a day like this. Check $BTC before you call it a market move; this looks single-asset.
Do you buy the level with 19 touches, or wait for volume to show up first?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
The 15m chart has been fighting over one price all session. 0.02343 is where $BMT is decided - 19 measured touches. It has held every time so far. Above it, 0.02466 is the ceiling with 46 touches; that is where every bounce has died.
Invalidation is tight: lose 0.02329 on the 1h - 8 touches - and the next measured shelf is 0.0213, with only 4 touches behind it. Thin.
The uncomfortable part: this is not capitulation. 15m volume is running at 0.57x its 20-bar average, 1h at 0.16x. Price is falling on almost nobody. And daily RSI is still 94.51 after a 27% down day - the move that mattered already happened, on the way up.
Nothing in the majors explains a day like this. Check $BTC before you call it a market move; this looks single-asset.
Do you buy the level with 19 touches, or wait for volume to show up first?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.