Tonight, the market is more likely to continue drifting lower or trade weakly sideways than to stage a strong rebound.
BTC is currently trading roughly within the $63,800–$64,500 range. It briefly plunged to around $61,946 early in the session before rebounding above $65K, but has since fallen back significantly, with no sustained buying pressure emerging.
Why a strong rebound tonight seems unlikely
The nature of the rebound is questionable: The previous V-shaped recovery looked more like short covering after long liquidations, plus short-term dip buying, rather than a major influx of spot buyers. ETFs have seen net outflows for several consecutive days (the latest complete data still shows outflows), and there are no clear signs of institutional money flowing back in. Technical picture remains bearish: The daily chart is still in a clear downtrend, with most indicators showing strong sell or bearish signals. Although the RSI is oversold (around 19–23), oversold conditions can persist for a long time in a strong trend. Key resistance has not been broken: Several analysts see $65,000–$65,300 as an important short-term resistance level/pivot. If BTC cannot get above it, the rebound could easily be viewed as an opportunity to exit. Sentiment and liquidity: The Fear & Greed Index remains in the extreme fear zone (around 10–17). Sunday liquidity is relatively thin, which can amplify volatility, but there is no fresh buying catalyst to drive the market in either direction.
Possible paths tonight (roughly ranked by likelihood)
Further drift lower or a retest (relatively more likely): A move toward the $62,000–$63,000 area, or even another test of the early-session low.
Choppy sideways trading: Back-and-forth movement within the $63,500–$65,500 range as the market digests the previous move.
Strong rebound (relatively less likely): This would require a decisive break above and hold over $65,500–$66,000, accompanied by a clear increase in trading volume. Current conditions are not yet sufficient.
Oversold conditions do create the potential for a rebound, but while institutional funds are still flowing out and spot buying support remains weak, any rebound is more likely to be short-lived and reversible than the start of a trend reversal. Price action near the weekly close is also worth watching; if BTC closes near the lows, pressure could be greater early next week.
Note: This is an assessment based on current data and market structure, not a prediction or investment advice. Crypto markets are extremely volatile, and unexpected moves are especially common when weekend liquidity is thin. #BTC走势分析 #Market
The crypto world is just a huge patchwork crew. Yesterday, a sudden bug hit the Binance wallet—APY went as high as 3.7T%. The brothers who saved up get lucky!
$CRCLon will definitely be pulled back. The so-called opponent is like the Allied forces back then.
The more partners a project has, the less clear the goal becomes. In the beginning, everyone comes together to set up a common enemy for their immediate interests. In reality, they each harbor ulterior motives, figuring things out for their own benefit.
This initial phase looks quite grand. But in fact, making decisions is extremely difficult—it requires everyone to discuss together. Over time, it will surely turn bad.
$SENT now hedging. Feel like it will explode. Looking at the data on how to end the new issue. There are large accounts directly increased. Is it a dog dealer?
Sincerely giving airdrops to the community is equivalent to dumping on the holders. This is also why the current project parties prefer to use Kaito while weakening the community.
加密韋馱Crypto Skanda
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Received a little $ASP airdrop, then went to eat
When I came back and looked at this chart, indeed, all those who sincerely airdrop to the community will basically encounter the same problem
I hope the project team can discover value when OKX launches, otherwise, if it continues like this, the airdrop track will really be gone.