$BTC okay so I was just staring at the BTC chart and honestly the bounce off 57,800 is kind of wild. like it went from that low straight up to 62,200 in barely any time. felt fast. too fast almost.
and everyone's hyping it like the bottom's in, which, maybe? but then I flipped to the daily and it's a completely different picture. the 99 average is still sitting up near 71K. price hasn't even come close to touching that. so like — short term it looks bullish, moving averages crossed and everything, but zoom out and it's still just a bounce inside a bigger drop.
wait, maybe "just a bounce" isn't fair either. I remember looking at something similar back when BTC dropped hard earlier this year, it bounced sharp too and then chopped for like two weeks before doing anything real. so this could just be that phase again.
not sure why but the 15m spike to 62,200 and then the pullback right after kind of bugs me. feels like people jumped in on the breakout and got left holding it a little.
anyway. short term looks fine honestly. daily still looks broken.
still trying to figure out what this really changes.
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