I’ll be a bit bearish—at least right now, $BTC doesn’t look like something that can easily just stand back up.
ETF outflows have stretched to 4 straight days, totaling $526 million. This isn’t the kind of small move you can glance at and pretend nothing happened.
What’s even more uncomfortable is that the price simply didn’t hold above 65,000.
Now $BTC is hovering around 64,471. I’ve been drawing on the chart during the day until my eyes hurt, and then at night after I get home and finish showering, I check again and it’s still being pinned at this level—it’s really exhausting. I’m done with this🥲
I’m bearish not because it has fallen a lot.
It’s because the drop isn’t satisfying, and even the bounces don’t bounce cleanly—this kind of thing is the most grinding.
Contract trading volume is 10.1 times spot. Just looking at it feels tiring.
It just shows that right now the order book is still packed with leverage all pushing against each other. Everyone wants to wait for someone else to be the first to concede.
The funding rate is only +0.01%—it’s not some kind of state where emotions are running extremely hot.
So it’s not strong; it’s stuck—stagnant.
With a ‘stuck’ market like this, the easiest pattern is to dangle some hope during the day and then pull the emotions back in at midnight.
Doudou just now even crouched on my keyboard. I moved it away and stared at the K-line for a long time— the more I look, the more I feel this spot is uncomfortable😂
The 24-hour high only barely touched 64,508, and it basically fell right back after that.
That tells me the sellers above haven’t backed off—at least not for the short term.
My stance is very clear: I’m inclined to stay bearish. Or, to put it another way, I wouldn’t go and catch this kind of shaky rebound.
If I really do anything, I’d only wait for it to either drop through decisively, or regain and hold above 65,000 before reconsidering.
Stuck in the middle is where you get slapped in both directions too easily.
The market flips faster than a page turn—keep some dry powder.$BTC #Bitcoin #BTC
ETF outflows have stretched to 4 straight days, totaling $526 million. This isn’t the kind of small move you can glance at and pretend nothing happened.
What’s even more uncomfortable is that the price simply didn’t hold above 65,000.
Now $BTC is hovering around 64,471. I’ve been drawing on the chart during the day until my eyes hurt, and then at night after I get home and finish showering, I check again and it’s still being pinned at this level—it’s really exhausting. I’m done with this🥲
I’m bearish not because it has fallen a lot.
It’s because the drop isn’t satisfying, and even the bounces don’t bounce cleanly—this kind of thing is the most grinding.
Contract trading volume is 10.1 times spot. Just looking at it feels tiring.
It just shows that right now the order book is still packed with leverage all pushing against each other. Everyone wants to wait for someone else to be the first to concede.
The funding rate is only +0.01%—it’s not some kind of state where emotions are running extremely hot.
So it’s not strong; it’s stuck—stagnant.
With a ‘stuck’ market like this, the easiest pattern is to dangle some hope during the day and then pull the emotions back in at midnight.
Doudou just now even crouched on my keyboard. I moved it away and stared at the K-line for a long time— the more I look, the more I feel this spot is uncomfortable😂
The 24-hour high only barely touched 64,508, and it basically fell right back after that.
That tells me the sellers above haven’t backed off—at least not for the short term.
My stance is very clear: I’m inclined to stay bearish. Or, to put it another way, I wouldn’t go and catch this kind of shaky rebound.
If I really do anything, I’d only wait for it to either drop through decisively, or regain and hold above 65,000 before reconsidering.
Stuck in the middle is where you get slapped in both directions too easily.
The market flips faster than a page turn—keep some dry powder.$BTC #Bitcoin #BTC