$BTC retested $80k–$81k support and bounced hard. Open interest dropped sharply — shorts covered into the move, classic profit-taking after the flush.
Spot and Futures CVD both climbing again. Buyers are back, at least for now.
Price is testing the breakdown level around $83k. This is the line. If spot keeps stepping in, we can reclaim the range and push back toward the highs. If spot fades here, we're headed lower to retest the monthly FVG around $75k.
Watch spot participation. That's the tell. If it holds, this bounce has legs. If it doesn't, we're not done going down.
Spot and Futures CVD both climbing again. Buyers are back, at least for now.
Price is testing the breakdown level around $83k. This is the line. If spot keeps stepping in, we can reclaim the range and push back toward the highs. If spot fades here, we're headed lower to retest the monthly FVG around $75k.
Watch spot participation. That's the tell. If it holds, this bounce has legs. If it doesn't, we're not done going down.