đš DONâT SHORT $BTC JUST BECAUSE THE CANDLE IS RED.
I checked the futures data.
BTC: ~$83,500
24H low: $82,500
24H high: $84,967
But hereâs the ONE THING:
Price fell while open interest also declined.
That matters.
Falling price + rising OI can suggest fresh shorts are aggressively entering.
Falling price + falling OI can instead mean leveraged positions are being closed/liquidated.
So Iâm not chasing a short at $83.5K.
My map:
đŽ Below $82.5K + acceptance â bearish continuation becomes interesting
đą Reclaim $85K + hold â I start looking for longs
âȘ Between $82.5Kâ$85K â WAIT
Sometimes the signal is knowing where NOT to trade.
I checked price, OI and funding before posting this â not just the chart.
If ONE THING saved you some chart time today, you can support the research with a tip. đ€
$BTC #bitcoin #futures #Trading
I checked the futures data.
BTC: ~$83,500
24H low: $82,500
24H high: $84,967
But hereâs the ONE THING:
Price fell while open interest also declined.
That matters.
Falling price + rising OI can suggest fresh shorts are aggressively entering.
Falling price + falling OI can instead mean leveraged positions are being closed/liquidated.
So Iâm not chasing a short at $83.5K.
My map:
đŽ Below $82.5K + acceptance â bearish continuation becomes interesting
đą Reclaim $85K + hold â I start looking for longs
âȘ Between $82.5Kâ$85K â WAIT
Sometimes the signal is knowing where NOT to trade.
I checked price, OI and funding before posting this â not just the chart.
If ONE THING saved you some chart time today, you can support the research with a tip. đ€
$BTC #bitcoin #futures #Trading