Today, both US Treasury yields and oil prices have started to rebound. After the big BTC “broke the second-high” move, it directly dumped. On top of that, Fed Governor Bostic said further rate hikes are needed, causing BTC to drop straight through the 85k support and continue searching for demand lower down.
The current rhythm is: every time it breaks a new high, profit-taking flows out—but the selling pressure isn’t strong enough to trigger a larger, higher-level correction. If there hasn’t been a downside-stabilization signal yet, don’t grab the “falling knife.” Wait until around 82–83k, then keep pushing!
The current rhythm is: every time it breaks a new high, profit-taking flows out—but the selling pressure isn’t strong enough to trigger a larger, higher-level correction. If there hasn’t been a downside-stabilization signal yet, don’t grab the “falling knife.” Wait until around 82–83k, then keep pushing!
