$BTC at 63.3k is not breakout strength, it’s a trap for late longs. 🚨
Price is up 0.86% and the 4h is green, sure. But volume is only 0.5x the 20d average, RSI sits at 48, and the MAs are still chopping like a dead market.
Longs are paying 0.010% funding too. That’s not conviction, that’s crowding. 👀
We’re 37% up the 30d range and just 5% off the high, yet it can’t launch with real size behind it. I think this gets faded before it runs.
My target: 61k first, then 58k if support cracks.
What’s your target here?
#Bitcoin #BTC #Bitcoin
Price is up 0.86% and the 4h is green, sure. But volume is only 0.5x the 20d average, RSI sits at 48, and the MAs are still chopping like a dead market.
Longs are paying 0.010% funding too. That’s not conviction, that’s crowding. 👀
We’re 37% up the 30d range and just 5% off the high, yet it can’t launch with real size behind it. I think this gets faded before it runs.
My target: 61k first, then 58k if support cracks.
What’s your target here?
#Bitcoin #BTC #Bitcoin