BTC is finding support at these lows! Is this the formation of a bottom, or just a pullback to trap the longs? | 6.5 Bitcoin market analysis $BTC #比特币走势分析
Until the market proves itself, anyone jumping to conclusions is essentially providing liquidity to the market.
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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
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
BTC long leverage washout, welcoming a buying K, could a rebound be on the horizon? What's the trading strategy moving forward? Is it time to scoop up some bottoms?|6.4 Bitcoin market analysis $BTC #比特币走势分析
Don't rush to call a reversal on BTC tonight after the bounce.
Today, the price dipped to around 65400 before showing some recovery, but the hourly structure hasn't really strengthened yet. The key point now isn't whether there's a bounce, but whether it can hold around 67400—68000.
If it can't hold, this looks more like a weak recovery after a big drop, rather than the start of a new uptrend.
I'm still watching for support around 65400—65800.
If we break below that again, it indicates that the buying interest at lower levels can't hold, and the risk will continue to unfold.
Tonight's main takeaway:
After a big drop, a bounce can happen, but a bounce doesn't mean a reversal.
Real strength is when it can go up and still hold its ground. $BTC #比特币走势分析
BTC just broke below yesterday's low! The real fear isn't the drop, but making the wrong move at this level | 6.3 BTC market analysis | BTC Price Prediction | Bitcoin | Bitcoin price forecast $BTC #比特币走势分析