So here's what I'm watching during this $BTC drop — and honestly, what we haven't seen yet.
First, I want that classic high-volume liquidation candle. You know the one — massive spike in volume, longs getting rekt, and then a sharp bounce. That's usually how corrections end. We're getting the leverage flush, sure, price is accelerating down and positions are getting wiped. But that violent capitulation wick with the volume spike? Still missing.
What I really want to see is a quick sweep below a key level, huge volume bar, then an immediate snapback up. That's when you know the weak hands are out and the correction is done.
Second thing — we need to see $BTC start flipping levels bullish again. Right now? Not even close. We're still in that zone where every bounce feels like a trap and every support is just a rest stop on the way down.
Until those two things happen, I'm not convinced this is over. Just vibes, but that's what the old playbook says.
First, I want that classic high-volume liquidation candle. You know the one — massive spike in volume, longs getting rekt, and then a sharp bounce. That's usually how corrections end. We're getting the leverage flush, sure, price is accelerating down and positions are getting wiped. But that violent capitulation wick with the volume spike? Still missing.
What I really want to see is a quick sweep below a key level, huge volume bar, then an immediate snapback up. That's when you know the weak hands are out and the correction is done.
Second thing — we need to see $BTC start flipping levels bullish again. Right now? Not even close. We're still in that zone where every bounce feels like a trap and every support is just a rest stop on the way down.
Until those two things happen, I'm not convinced this is over. Just vibes, but that's what the old playbook says.
