Guys, can the bulls at $BTC finally get back on their feet? Don’t rush to call it a comeback!
Looking at the charts, BTC plunged to 80,809 last night in one big bearish candle, nearly breaking below the 80,000 level. It quickly recovered, but the rebound was clearly weak—the bulls just don’t have enough momentum.
On the flow side, spot ETFs are still seeing sustained net outflows, with no fresh money coming in to support the market, so the rebound is naturally prone to fizzling out. On-chain signals aren’t encouraging either: whales are trimming large holdings and moving them to exchanges. Selling pressure overhead is piling up, and when retail traders step in to buy, it often marks a short-term peak followed by a pullback.
So my personal approach is: don’t chase longs. Wait for a rebound toward 82,000 and look for an opportunity to short, targeting 81,000–80,800, with a stop-loss above 82,700.
Put simply, at this level, I’d rather wait for a rebound to short than bet that the bulls can surge all the way back up.
[The views above are for personal reference only and do not constitute investment advice.]
#布伦特原油自5月来首次触及110美元
Looking at the charts, BTC plunged to 80,809 last night in one big bearish candle, nearly breaking below the 80,000 level. It quickly recovered, but the rebound was clearly weak—the bulls just don’t have enough momentum.
On the flow side, spot ETFs are still seeing sustained net outflows, with no fresh money coming in to support the market, so the rebound is naturally prone to fizzling out. On-chain signals aren’t encouraging either: whales are trimming large holdings and moving them to exchanges. Selling pressure overhead is piling up, and when retail traders step in to buy, it often marks a short-term peak followed by a pullback.
So my personal approach is: don’t chase longs. Wait for a rebound toward 82,000 and look for an opportunity to short, targeting 81,000–80,800, with a stop-loss above 82,700.
Put simply, at this level, I’d rather wait for a rebound to short than bet that the bulls can surge all the way back up.
[The views above are for personal reference only and do not constitute investment advice.]
#布伦特原油自5月来首次触及110美元