BTC rebounds to 65,000—reversal or a bull trap?
Last night’s low was 64,863; this morning it topped out at 65,163, a rebound of about $200. Funding rate is 0.0036%, longs are still paying their rent, and shorts haven’t dared to pile in aggressively. ETH is even worse—it’s back down to 2,650 and completely failed to follow the bounce; the market is clearly diverging.
Bias: bearish. That $200 BTC rebound is too small, and the $1.69B trading volume can’t support a true reversal. 65,000 is the previous zone of heavy trading; if it can’t hold, it’s likely a bull trap. If BTC breaks below 64,800, look for 64,500. ETH failing to hold at 2,650 will drag the whole market.
$BTC daily sell point: $65,133 | daily buy point: $64,864
$ETH daily sell point: $2,686 | daily buy point: $2,624
$BTC #BTC $ETH #ETH
Last night’s low was 64,863; this morning it topped out at 65,163, a rebound of about $200. Funding rate is 0.0036%, longs are still paying their rent, and shorts haven’t dared to pile in aggressively. ETH is even worse—it’s back down to 2,650 and completely failed to follow the bounce; the market is clearly diverging.
Bias: bearish. That $200 BTC rebound is too small, and the $1.69B trading volume can’t support a true reversal. 65,000 is the previous zone of heavy trading; if it can’t hold, it’s likely a bull trap. If BTC breaks below 64,800, look for 64,500. ETH failing to hold at 2,650 will drag the whole market.
$BTC daily sell point: $65,133 | daily buy point: $64,864
$ETH daily sell point: $2,686 | daily buy point: $2,624
$BTC #BTC $ETH #ETH