The 5 a.m. 1-hour candle spiked to 74811, just $40 shy of this week’s opening price at 74851, but only 27.4 million USDT traded during that hour. The 6 a.m. candle then got slammed back down to 73940.
What’s even more telling is that the 3 a.m. candle saw 122 million USDT in volume—the highest of the night—yet still closed red.
Big volume couldn’t push the price up; it took low volume just to touch the high. I see this kind of bounce as shorts repositioning. Until we reclaim 74851, I’ll stay flat and watch. I’ll consider my next move if we break below 73390.
#比特币连续五周下跌 $BTC
What’s even more telling is that the 3 a.m. candle saw 122 million USDT in volume—the highest of the night—yet still closed red.
Big volume couldn’t push the price up; it took low volume just to touch the high. I see this kind of bounce as shorts repositioning. Until we reclaim 74851, I’ll stay flat and watch. I’ll consider my next move if we break below 73390.
#比特币连续五周下跌 $BTC
