#BTCUSDT UPDATE
The $BTC chart is still NOT bearish despite the red candles and all the fear bears are trying to portray.
There's actually a bullish divergence forming on the Daily timeframe.
But there's ONE missing ingredient before this setup can fully materialize:
DEMAND.
Both spot and futures demand need to recover.
Currently, demand remains weak across both markets, and without that recovery, a sustainable bullish rally will be difficult.
The structure is showing potential. Now we need buyers to step in.
That's the missing factor. 🐂
#BinanceReopensWithdrawalsForMoreAssets #AnthropicIPOValuationDoubts #USStocksSlipandCryptoMarketUnderBroadPressure #StrategySTRCResumesIssuanceAfterOver170Days
The $BTC chart is still NOT bearish despite the red candles and all the fear bears are trying to portray.
There's actually a bullish divergence forming on the Daily timeframe.
But there's ONE missing ingredient before this setup can fully materialize:
DEMAND.
Both spot and futures demand need to recover.
Currently, demand remains weak across both markets, and without that recovery, a sustainable bullish rally will be difficult.
The structure is showing potential. Now we need buyers to step in.
That's the missing factor. 🐂
#BinanceReopensWithdrawalsForMoreAssets #AnthropicIPOValuationDoubts #USStocksSlipandCryptoMarketUnderBroadPressure #StrategySTRCResumesIssuanceAfterOver170Days
