$BTW $1.24 now → $1.6-$1.7 next → $1.4 after that → then $0.9 → and finally $0.08 Same Story As $LAB 🚨
$BTW 's 1H recovery looks more like short covering than fresh accumulation. Futures CVD is strong at around +$31.8M, but spot CVD is still around -$2.7M. Futures flow is heavily positive over 24H at roughly +$12.16M, while 24H spot flow is around -$2.40M.
OI is falling/flat during the recovery, taker flow remains slightly seller-heavy, and orderbook delta isn't showing strong aggressive buying. The liquidation map also shows major liquidity around $1.25-$1.30, then another important area around $1.45-$1.55.
So I think BTW can still squeeze higher first. If it reaches $1.6-$1.7, that's where I want to watch for rejection and a possible bigger downside move.
I already compared BTW with LAB once, and the structure still looks similar: long consolidation → explosive pump → rejection → rebound → possible second distribution leg. LAB was much more violent, while BTW looks more controlled, but the risk is still there.
If the LAB-style pattern plays out, I see $1.6-$1.7 → $1.4 → $0.9, with $0.08 as the extreme target, not a guaranteed prediction.
The data currently supports caution because futures are strong while spot remains negative. The next 101.6M BTW unlock is still late, scheduled for Nov 2, so it's not an immediate supply trigger.
But if BTW reaches $1.6-$1.7 and holds, with OI + spot flow + CVD all turning stronger, I'll wait. And if the current breakout zone is properly reclaimed, the next upside zone I'm watching is around $2.2.
@MeowAlert
$BTW 's 1H recovery looks more like short covering than fresh accumulation. Futures CVD is strong at around +$31.8M, but spot CVD is still around -$2.7M. Futures flow is heavily positive over 24H at roughly +$12.16M, while 24H spot flow is around -$2.40M.
OI is falling/flat during the recovery, taker flow remains slightly seller-heavy, and orderbook delta isn't showing strong aggressive buying. The liquidation map also shows major liquidity around $1.25-$1.30, then another important area around $1.45-$1.55.
So I think BTW can still squeeze higher first. If it reaches $1.6-$1.7, that's where I want to watch for rejection and a possible bigger downside move.
I already compared BTW with LAB once, and the structure still looks similar: long consolidation → explosive pump → rejection → rebound → possible second distribution leg. LAB was much more violent, while BTW looks more controlled, but the risk is still there.
If the LAB-style pattern plays out, I see $1.6-$1.7 → $1.4 → $0.9, with $0.08 as the extreme target, not a guaranteed prediction.
The data currently supports caution because futures are strong while spot remains negative. The next 101.6M BTW unlock is still late, scheduled for Nov 2, so it's not an immediate supply trigger.
But if BTW reaches $1.6-$1.7 and holds, with OI + spot flow + CVD all turning stronger, I'll wait. And if the current breakout zone is properly reclaimed, the next upside zone I'm watching is around $2.2.
@MeowAlert
