$BTC
Price is recovering from the lows, and the internals are aligning perfectly. OI dropped massively on the pump — shorts got squeezed exactly as expected, and more covering is likely on the way.
Both Perps CVD and Spot CVD are recovering consistently, though still in extreme negative territory, meaning there's plenty of fuel left for the squeeze to continue.
Unlike the prior failed bounces that stalled after one session, this move has real backing. Price is now testing the 63.5k level (previous support before the flush). If we clear it with OI continuing to decline and CVDs recovering, 65k–66k becomes the next target and our ideal TP.
Everything is tracking the plan. Still expecting a push toward 68.2k (qO) to form the lower high.
Price is recovering from the lows, and the internals are aligning perfectly. OI dropped massively on the pump — shorts got squeezed exactly as expected, and more covering is likely on the way.
Both Perps CVD and Spot CVD are recovering consistently, though still in extreme negative territory, meaning there's plenty of fuel left for the squeeze to continue.
Unlike the prior failed bounces that stalled after one session, this move has real backing. Price is now testing the 63.5k level (previous support before the flush). If we clear it with OI continuing to decline and CVDs recovering, 65k–66k becomes the next target and our ideal TP.
Everything is tracking the plan. Still expecting a push toward 68.2k (qO) to form the lower high.