$BTC
gave bulls hope after FOMC, but the market quickly reminded everyone that one impulse alone doesn't decide anything.
Buyers couldn't hold the breakout. Price returned to the range and fell below the weekly open. Now the key defenses are the rising trendline and the lower boundary of the range. As long as both hold, the recovery scenario remains in play.
What keeps me optimistic? Order flow. Buyers continue to step in on the spot market, while sellers in perpetual futures push the price down.
As long as spot demand absorbs selling, buyers have a reason to defend current levels. But if sellers take control of the spot market too, the situation could change much faster than it seems.
Right now, I'm watching not for pretty candles, but for who is actually willing to buy.
gave bulls hope after FOMC, but the market quickly reminded everyone that one impulse alone doesn't decide anything.
Buyers couldn't hold the breakout. Price returned to the range and fell below the weekly open. Now the key defenses are the rising trendline and the lower boundary of the range. As long as both hold, the recovery scenario remains in play.
What keeps me optimistic? Order flow. Buyers continue to step in on the spot market, while sellers in perpetual futures push the price down.
As long as spot demand absorbs selling, buyers have a reason to defend current levels. But if sellers take control of the spot market too, the situation could change much faster than it seems.
Right now, I'm watching not for pretty candles, but for who is actually willing to buy.
