$BTC I’m bullish on this market move. The reasons are based on positioning and key prices, not the movement of any single candlestick.
Current price: 77,537. Over the past four hours: +0.9%; over the past hour: +0.24%. Long/short account ratio: 1.51. Within 0.25%, the sell-side depth is long 43.2%.
The long confirmation line is at 79,896. Only if price closes above it can the move continue; if it falls below 76,001, this round’s bullish conclusion is invalidated. Order-book changes may accelerate the move, but they cannot replace a complete closing confirmation.
Current price: 77,537. Over the past four hours: +0.9%; over the past hour: +0.24%. Long/short account ratio: 1.51. Within 0.25%, the sell-side depth is long 43.2%.
The long confirmation line is at 79,896. Only if price closes above it can the move continue; if it falls below 76,001, this round’s bullish conclusion is invalidated. Order-book changes may accelerate the move, but they cannot replace a complete closing confirmation.