Guys, pay attention: we have to talk about tonight’s $BTC candlestick. The 24-hour low plunged to 62,006, and it’s now at 65,516, closing down 1.98%. What does that mean? It bounced more than 3,500 points off the low—nearly 6%—with an absurdly long lower wick. The day’s range was from 62,006 to 66,960.5, nearly an 8% swing, yet it ended down less than 2%. All the coins the bears dumped on the way down got snapped up. 😳
Volume at 2.7B isn’t explosive, but paired with this bottom-and-rebound pattern, it looks more like a shakeout than distribution. 62,000 was tested once and held; the buying pressure below is real.
My plan: I’m not chasing at 65,516. I’ll wait for a pullback to 64,000–64,500 and buy in batches, with a stop at 61,500. If it breaks below today’s low, I’ll admit I’m wrong. Risk is under 5%. First, I’m watching 66,960.5 above; we’ll talk about the rest if it breaks through. With that long lower wick and narrowing range, I’ll leave a limit order for tomorrow morning. 🚀
Keep an eye on $ETH too—the correlation is where things get interesting.
Volume at 2.7B isn’t explosive, but paired with this bottom-and-rebound pattern, it looks more like a shakeout than distribution. 62,000 was tested once and held; the buying pressure below is real.
My plan: I’m not chasing at 65,516. I’ll wait for a pullback to 64,000–64,500 and buy in batches, with a stop at 61,500. If it breaks below today’s low, I’ll admit I’m wrong. Risk is under 5%. First, I’m watching 66,960.5 above; we’ll talk about the rest if it breaks through. With that long lower wick and narrowing range, I’ll leave a limit order for tomorrow morning. 🚀
Keep an eye on $ETH too—the correlation is where things get interesting.