$BTC That was absolutely wild!!!
BTC kept grinding lower all morning, and wave after wave of bulls got wiped out!!!
A sharp drop near 62000!!
Then it turned around and rallied back toward 65000
A long lower wick, and immediately people started calling the bottom
I’d suggest not getting carried away just yet.
It just bounced from 62000 to 65000, but CVD is still falling, and the taker buy/sell ratio has only recovered from 0.7 to 0.95
Meanwhile, the funding rate has climbed to 0.0075%
This looks more like bulls trying to save themselves than bears giving up.
Volume has surged to 4.7 billion, and the battle is clearly intensifying
62000 hasn’t been decisively broken, but the structure hasn’t recovered either. Don’t mistake a relief bounce for a reversal.
It needs to hold above 64800 before we can look toward 66000
The 66000–67000 zone is the rebound resistance visible on the current H4 chart. Don’t chase price halfway up the hill.
If you enter now, are you betting on the rebound continuing or another leg down?
That ETH short from 1978 was 🤏 so satisfying!! I’ll keep waiting for the next opportunity to make a move 🫡🫡🫡
$ETH $ZEC
BTC kept grinding lower all morning, and wave after wave of bulls got wiped out!!!
A sharp drop near 62000!!
Then it turned around and rallied back toward 65000
A long lower wick, and immediately people started calling the bottom
I’d suggest not getting carried away just yet.
It just bounced from 62000 to 65000, but CVD is still falling, and the taker buy/sell ratio has only recovered from 0.7 to 0.95
Meanwhile, the funding rate has climbed to 0.0075%
This looks more like bulls trying to save themselves than bears giving up.
Volume has surged to 4.7 billion, and the battle is clearly intensifying
62000 hasn’t been decisively broken, but the structure hasn’t recovered either. Don’t mistake a relief bounce for a reversal.
It needs to hold above 64800 before we can look toward 66000
The 66000–67000 zone is the rebound resistance visible on the current H4 chart. Don’t chase price halfway up the hill.
If you enter now, are you betting on the rebound continuing or another leg down?
That ETH short from 1978 was 🤏 so satisfying!! I’ll keep waiting for the next opportunity to make a move 🫡🫡🫡
$ETH $ZEC
