Brothers, BTC has been grinding around 63,000 for the whole night. As usual, I’ll throw the conclusion out first—I'm not chasing here, and I’m not in a hurry to short either. I’ll wait until the capital finishes choosing sides, then we’ll talk.
First, let’s talk about what’s changed. On the spot side, people are starting to put money in. Over the past three hours, net inflows have pulled up a whole row of green candles—12 in a row, none missing. Big orders are also moving in. On the order book, the buy-side thickness is pressing down on the sell side by more than 40x. The line at 62.5k has been held for days and hasn’t broken—there’s a reason for that. It’s just that there’s capital quietly accumulating from below.
But don’t get too excited too soon—futures is still slapping faces. The aggressive buy side isn’t even half of the picture. The funding rate is sitting on the floor, almost zero. Open interest is still shrinking. In plain terms: spot has people picking up bargains, but leveraged money doesn’t dare to come in. This bounce lacks that last bit of punch.
Now back to the technicals. A dead cross is hanging there, and the MACD histogram is deep and heavy. Price is sitting below the 200-day line. From up there at 64k to 64.5k, it’s all a slab of trapped supply—an obvious ceiling overhead. However, ADX is only 17, which is basically a pure range market. Downside may not feel so good either.
So the conclusion remains the same—wait. Wait for the funding rate to flip back positive. Wait until price truly holds above the 64k level, and then the direction will be considered fully chosen. Chasing long from here doesn’t offer great value, and there’s even less reason to open a short. Keep your hands steady while 62.5k hasn’t broken—wait for confirmation, then move in. Take the middle portion, not just the crumbs.
#btc $BTC
First, let’s talk about what’s changed. On the spot side, people are starting to put money in. Over the past three hours, net inflows have pulled up a whole row of green candles—12 in a row, none missing. Big orders are also moving in. On the order book, the buy-side thickness is pressing down on the sell side by more than 40x. The line at 62.5k has been held for days and hasn’t broken—there’s a reason for that. It’s just that there’s capital quietly accumulating from below.
But don’t get too excited too soon—futures is still slapping faces. The aggressive buy side isn’t even half of the picture. The funding rate is sitting on the floor, almost zero. Open interest is still shrinking. In plain terms: spot has people picking up bargains, but leveraged money doesn’t dare to come in. This bounce lacks that last bit of punch.
Now back to the technicals. A dead cross is hanging there, and the MACD histogram is deep and heavy. Price is sitting below the 200-day line. From up there at 64k to 64.5k, it’s all a slab of trapped supply—an obvious ceiling overhead. However, ADX is only 17, which is basically a pure range market. Downside may not feel so good either.
So the conclusion remains the same—wait. Wait for the funding rate to flip back positive. Wait until price truly holds above the 64k level, and then the direction will be considered fully chosen. Chasing long from here doesn’t offer great value, and there’s even less reason to open a short. Keep your hands steady while 62.5k hasn’t broken—wait for confirmation, then move in. Take the middle portion, not just the crumbs.
#btc $BTC