$BTC 65,111，The weekend is here, trading volume 4.6 billion—dull and quiet.
But look where it’s lying? Above 65,000. Two weeks ago, this was still the ceiling.
Last Saturday BTC wavered around 63,000; this Saturday it’s wavering around 65,000.
The bottom was lifted from 62,000 all the way to 64,000—that’s the trend.
The Fear Index is 30—fear. Retail traders don’t watch the charts on weekends, and big funds are resting too.
But the order distribution won’t lie: short positions below 64,000 have been mostly eaten up within the past two weeks.
The altcoins aren’t taking a break either over the weekend—TUT surged 96% in a day, SOL +2.3%.
The casino is open as usual; the hot money is still bubbling inside.
Gold is rising too, and the trend of capital moving into safe-haven assets hasn’t changed.
My take: the sideways weekend is building momentum, waiting for Monday when U.S. stocks open.
On Friday, the Nasdaq closed up 1.3%. This good news will most likely be digested by BTC on Monday.
64,000 is the iron bottom, and 65,000 is the launch pad. Bias is bullish.
Don’t watch the market this weekend—come back on Monday to collect the coins.
$BTC
But look where it’s lying? Above 65,000. Two weeks ago, this was still the ceiling.
Last Saturday BTC wavered around 63,000; this Saturday it’s wavering around 65,000.
The bottom was lifted from 62,000 all the way to 64,000—that’s the trend.
The Fear Index is 30—fear. Retail traders don’t watch the charts on weekends, and big funds are resting too.
But the order distribution won’t lie: short positions below 64,000 have been mostly eaten up within the past two weeks.
The altcoins aren’t taking a break either over the weekend—TUT surged 96% in a day, SOL +2.3%.
The casino is open as usual; the hot money is still bubbling inside.
Gold is rising too, and the trend of capital moving into safe-haven assets hasn’t changed.
My take: the sideways weekend is building momentum, waiting for Monday when U.S. stocks open.
On Friday, the Nasdaq closed up 1.3%. This good news will most likely be digested by BTC on Monday.
64,000 is the iron bottom, and 65,000 is the launch pad. Bias is bullish.
Don’t watch the market this weekend—come back on Monday to collect the coins.
$BTC
