$BTW is in a strong uptrend, but the nearly vertical rally suggests that the move is overextended in the short term and may be unsustainable
· EMA 9 (approximately 2.55–2.60): The price is currently just above EMA9. This is the first dynamic support level. A break below it could lead to a deeper pullback.
· EMA 21 (approximately 2.25–2.30): There is currently a huge gap between the price and EMA21. This divergence confirms that the market is severely overbought on this timeframe, making a mean-reversion pullback highly likely before any further rise.
· Aggregate CVD: During the explosive rally from 1.91 to 2.75, the CVD curve rose almost vertically. Underlying demand is exceptionally strong.
· However, open interest (OI) has been falling as the price rises. This is a classic sign of a short squeeze. Those huge green candles were primarily driven by forced liquidations of short positions, creating immense buying pressure. This means the next leg up will need fresh capital (rising OI) to support it. If OI continues to decline while the price stalls, a sharp pullback is imminent.
$BTW
· EMA 9 (approximately 2.55–2.60): The price is currently just above EMA9. This is the first dynamic support level. A break below it could lead to a deeper pullback.
· EMA 21 (approximately 2.25–2.30): There is currently a huge gap between the price and EMA21. This divergence confirms that the market is severely overbought on this timeframe, making a mean-reversion pullback highly likely before any further rise.
· Aggregate CVD: During the explosive rally from 1.91 to 2.75, the CVD curve rose almost vertically. Underlying demand is exceptionally strong.
· However, open interest (OI) has been falling as the price rises. This is a classic sign of a short squeeze. Those huge green candles were primarily driven by forced liquidations of short positions, creating immense buying pressure. This means the next leg up will need fresh capital (rising OI) to support it. If OI continues to decline while the price stalls, a sharp pullback is imminent.
$BTW