๐ $BTC just flipped back above $70k and the key risk indicator that went Risk-Off before the 54% crash has now flipped back to Risk-On.
This is the same signal that warned us before the massive drawdown. Now it's saying liquidity is flowing back in.
Watch for:
- Confirmation above $71k resistance
- Volume profile holding
- Funding rates staying neutral
Risk-On doesn't mean moon tomorrow, but it does mean the macro environment is shifting back in our favor. Position accordingly.
This is the same signal that warned us before the massive drawdown. Now it's saying liquidity is flowing back in.
Watch for:
- Confirmation above $71k resistance
- Volume profile holding
- Funding rates staying neutral
Risk-On doesn't mean moon tomorrow, but it does mean the macro environment is shifting back in our favor. Position accordingly.