$BTW remains bearish. The asset is currently seeing a short-term corrective rebound from a local low of 1.60, trading around 1.94.
· Open Interest (OI): OI has not risen significantly during the current price rebound, suggesting this is likely a short-covering bounce (a “dead cat bounce”), rather than fresh capital entering to sustainably push prices higher.
$BTW short setup
Wait for the price to retest the resistance zone
· Short entry: 2.05–2.10
· Stop loss: Above 2.17
· Take profit: 1.80, then 1.65
Support me on this trade👇#btw #bitway
· Open Interest (OI): OI has not risen significantly during the current price rebound, suggesting this is likely a short-covering bounce (a “dead cat bounce”), rather than fresh capital entering to sustainably push prices higher.
$BTW short setup
Wait for the price to retest the resistance zone
· Short entry: 2.05–2.10
· Stop loss: Above 2.17
· Take profit: 1.80, then 1.65
Support me on this trade👇#btw #bitway