Daily Update

BTC: $71,848 (+1.04%)

ETH: $2,195 (+0.20%)

Sentiment: 14 -- Extreme Fear

Gold $4,781.4 (+0.67%) | S&P 6,824.66 (+0.62%) | DXY 99.13 (-0.51%) | 10Y 4.29%

MVRV: UNDERVALUED (0.74)

Key price levels:

Resistance: $75,000 ($75,000 round number)

Resistance: $78,876 (0.618 golden pocket)

Support: $70,687 (0.786 deep retracement)

Support: $65,000 ($65,000 round number)

We are LONG (algo BUY active at $71,000). BTC is -20.2% vs our exit at $90,000.

🟢 Squeeze Odds: Short 50% | Long 20%

Bitcoin climbed back to $71,848 this morning, gaining just over 1% as we hold our ground near the algorithm's entry point of $71,000. We're still deep in retracement territory, trading between the golden pocket at $78,876 and the $70,687 zone, but the MVRV reading of 0.74 confirms we're accumulating below the network's average cost basis - exactly where patient capital should be deploying. Mixed exchange flows over the past week show no clear directional bias, but that indecision often precedes meaningful moves when you're this oversold.

The dollar weakened half a percent while gold and equities both gained ground, suggesting some risk appetite is returning to markets. With stablecoin dominance still elevated at 10.4%, there's plenty of dry powder waiting on the sidelines. The derivatives picture is particularly compelling - shorts are over-leveraged with squeeze odds hitting 50% versus just 20% for longs. That asymmetric setup could fuel rapid upside if we catch any momentum.

Tomorrow's CPI print will be the key catalyst to watch. Inflation data has been moving markets significantly, and with sentiment still mired in extreme fear at just 14, any softer-than-expected reading could spark the short covering we're positioned for.

We're holding our long with conviction. First target remains the golden pocket at $78,876, roughly 9% higher. The algorithm will handle our exit timing - no need for manual stops when the math is this compelling at oversold levels.