BTC rebounds 4.5% in 45 minutes from a low of 61,968 — relief bounce or start of a reversal?
Context: after touching 61,968 this morning — nearly matching the July 13 low of 61,825 — BTC rose for three consecutive 15-minute candles to around 64,744. ETH also gained 5.6%, from 1,711 to 1,806, and XRP rose 5.5%, from 0.899 to 0.948. I couldn’t find a single headline that triggered it: this bounce came after an overnight liquidation cascade of around $1.9 billion, mostly long positions. Fear & Greed is at 10, extreme fear (TokenPost, Nov. 15).
Bullish scenario: holding above 63,000 and closing a 4H candle above 65,000 would open the way to 66,000–66,500, a zone lost overnight.
Bearish scenario: failing to hold 63,000 and falling back below 61,968 would open the way to 60,000.
My conclusion: this is a bounce from an oversold zone, not confirmation of a reversal — I’ll wait for a 4H close before judging whether 61,968 has become a floor.
This is my analysis, not financial advice — always DYOR.
What do you think: is this bounce the start of a recovery or just a pause before another drop?
#Bitcoin #AnalisisCrypto $BTC $ETH $XRP
Context: after touching 61,968 this morning — nearly matching the July 13 low of 61,825 — BTC rose for three consecutive 15-minute candles to around 64,744. ETH also gained 5.6%, from 1,711 to 1,806, and XRP rose 5.5%, from 0.899 to 0.948. I couldn’t find a single headline that triggered it: this bounce came after an overnight liquidation cascade of around $1.9 billion, mostly long positions. Fear & Greed is at 10, extreme fear (TokenPost, Nov. 15).
Bullish scenario: holding above 63,000 and closing a 4H candle above 65,000 would open the way to 66,000–66,500, a zone lost overnight.
Bearish scenario: failing to hold 63,000 and falling back below 61,968 would open the way to 60,000.
My conclusion: this is a bounce from an oversold zone, not confirmation of a reversal — I’ll wait for a 4H close before judging whether 61,968 has become a floor.
This is my analysis, not financial advice — always DYOR.
What do you think: is this bounce the start of a recovery or just a pause before another drop?
#Bitcoin #AnalisisCrypto $BTC $ETH $XRP