After the CPI release, last night's 11 p.m. 1-hour candle first touched 74,843. Then 177 million U came crashing down, and the midnight candle plunged straight to 72,727. The weekly opening price of 74,851 hasn't been touched once since.
We're now in the 73,700s, rebounding a little over 1,000 from the low. But over the past few hours, hourly trading volume has only been 20–70 million U—not even half the volume of the candle that crashed down.
Heavy volume on the dump, light volume on the rebound. My take is that the bears are just catching their breath. Until price reclaims the weekly open at 74,851 on strong volume, I'm not taking any long positions. I'd rather miss out on these 1,000 points.
#比特币 $BTC
We're now in the 73,700s, rebounding a little over 1,000 from the low. But over the past few hours, hourly trading volume has only been 20–70 million U—not even half the volume of the candle that crashed down.
Heavy volume on the dump, light volume on the rebound. My take is that the bears are just catching their breath. Until price reclaims the weekly open at 74,851 on strong volume, I'm not taking any long positions. I'd rather miss out on these 1,000 points.
#比特币 $BTC
