Jin Crypto
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To be honest, the spot buy orders are actually running out, but the sell orders just can’t seem to push down. On the flip side, the contract bulls are struggling to push higher too, feeling a bit exhausted. There’s no additional influx of capital, but it’s hard to say when a sudden surge might come in and blast through the shorts. <a>...</a> $BTC $ETH
Since the drop from 97K~
Looking at the spot buying CVD~ it seems like there's been ample handover~
Or maybe it's just existing funds buying back~ ETF buying pressure~
You can see that CB's buying momentum is higher than other exchanges in Asia~
It's been consolidating these past few days~ every time the bears try to push the price down~ it almost always shows absorption or exhaustion~
On the flip side, the spot market has been continuously climbing~
Honestly, in this kind of market, either there's a big bearish event~ investors will turn to sell~
Otherwise, every time the US stocks rally~ Bitcoin will follow suit~
Just a bit of buying pressure can keep pushing it upwards~
After all, the selling pressure has mostly cleared out~ now everyone's debating whether to FOMO in~
63K~68K is where we might see signs of a reversal~
But let's be real, being too greedy~ always waiting for a 5-4 start before wanting to catch the bottom~
Current confidence isn't too high~
If buying, it’s better to wait for a deep pullback around 70K-71K~
Of course, we might not even get that~@@
Some also think there might be a second bottom test~
$BTC $ETH
Looking at the spot buying CVD~ it seems like there's been ample handover~
Or maybe it's just existing funds buying back~ ETF buying pressure~
You can see that CB's buying momentum is higher than other exchanges in Asia~
It's been consolidating these past few days~ every time the bears try to push the price down~ it almost always shows absorption or exhaustion~
On the flip side, the spot market has been continuously climbing~
Honestly, in this kind of market, either there's a big bearish event~ investors will turn to sell~
Otherwise, every time the US stocks rally~ Bitcoin will follow suit~
Just a bit of buying pressure can keep pushing it upwards~
After all, the selling pressure has mostly cleared out~ now everyone's debating whether to FOMO in~
63K~68K is where we might see signs of a reversal~
But let's be real, being too greedy~ always waiting for a 5-4 start before wanting to catch the bottom~
Current confidence isn't too high~
If buying, it’s better to wait for a deep pullback around 70K-71K~
Of course, we might not even get that~@@
Some also think there might be a second bottom test~
$BTC $ETH
In the first half, we noticed a divergence in spot buying between the East and West~
In the second half, the pump synced up~
These past couple of days, after the spike, it seems like the Western buying has stalled~
On the flip side, the Asian market is showing some FOMO~
Feels like it's influenced by the Strait~
US stocks have also seen a significant rally lately~
Let's take a breather~ maybe we'll push higher again~
$BTC $ETH
In the second half, the pump synced up~
These past couple of days, after the spike, it seems like the Western buying has stalled~
On the flip side, the Asian market is showing some FOMO~
Feels like it's influenced by the Strait~
US stocks have also seen a significant rally lately~
Let's take a breather~ maybe we'll push higher again~
$BTC $ETH
From a daily chart perspective, we're actually a bit overbought.\nBut in the short term, spot trading is still seeing continuous buying, with volume tapering off. As long as there aren't any major negative catalysts, it's tough to see a significant drop.\nBears are still entering the market; as long as prices don't fall, they'll exit, which inadvertently pushes the price up.\nRight now, bulls are on the sidelines, while bears are being squeezed.\nWith a drop and the U.S. stock market pushing up, do you think shorting in the short term has a high chance of success?\n$BTC $ETH
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