$BTW The rebound has been fairly strong. Looking at the data, I see several buy-side columns surging sharply, possibly due to fresh capital coming in to buy the dip. This buying pressure has pushed the upper candle wick close to the short- and medium-term moving averages. If money continues to flow in, a rebound could easily sweep up newly opened short positions, which could then provide fuel to extend the bounce. However, selling pressure is also quite strong and has tempered the recent rebound to some extent. Looking further ahead, we’ll have to see which side the money is backing.
$BTW