$BTC This rally hasn’t changed the short side’s main line.
Current price 78,736, 24h range 78,682—79,927. Within 0.1%, seller depth is up 10.5%, but 1-hour open interest is +0.05%, and it hasn’t given longs a clean handoff.
The current move is to rebound without adding longs. If it breaks below 78,730 and open interest stays stable, then taking shorts would be justified; if it reclaims 79,486, this line is over.
Not every rally should be chased—structure matters more than emotion.
Current price 78,736, 24h range 78,682—79,927. Within 0.1%, seller depth is up 10.5%, but 1-hour open interest is +0.05%, and it hasn’t given longs a clean handoff.
The current move is to rebound without adding longs. If it breaks below 78,730 and open interest stays stable, then taking shorts would be justified; if it reclaims 79,486, this line is over.
Not every rally should be chased—structure matters more than emotion.