BTC isn't seeing a direct reversal this time; it's more of a recovery phase after the downward momentum has weakened. For a real bull confirmation, we need to hold above the neckline. The 1-hour chart is attempting to build a temporary bottom, but for that to hold, we need to break above, retest the neckline, and establish support. Right now, BTC is in a recovery phase after a sharp drop, not a confirmed reversal. To really strengthen, we need price action, CVD, OI, and spot premium to align.
OI Positions: During the drop, it was a case of "bears getting cleared," but now people are starting to re-enter.
CVD: Selling pressure is easing, but the buying volume isn't strong enough yet.
Funding Rate: Negative rates support a short-term bounce, but we're not at extreme reversal levels yet.
Coinbase Premium: US spot demand isn't strong enough, which is a major drawback.
Personal Bias: A choppy movement is the most likely scenario. $BTC #比特币走势分析 #cvd