$BTC - Another support broken on the daily. Next level is right around that $75k. Just like Ethereum the OBV is still in free fall mode and not catching a bid or able to hold any sort of support.
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$BTC - If you zoom out further than the daily there would be a little hope on the weekly to see something like this hold. Still not actionable enough to call a bottom or start buying but it's interesting to see OBV still holding on and the trendline.
It doesn't mean that just because it's on the trendline it's going to bounce though, often the more times it hits a trendline the weaker it becomes. But this is a support level that if it held and bounced hard I could start seeing some light at the end of the tunnel again.
Re-entering long
It's in the golden pocket and 4h BB squeeze with daily level 1 exhaustion and now had a chance to look at ratio pairing between this and XVG and PENGU looks like it will move up now
Just didn't want to hold it overnight in case we potentially dropped further, can always buy back in, not so easy to sell at the price I want all the time!
Bitcoin Low Timeframes Become Oversold: Bounce Imminent?
Bitcoin BTCUSD daily is the second-most oversold on the RSI in all of 2025
There's also a hammer candlestick developing on a perfected TD8 count buy setup
I sense a bounce today or tomorrow, but still believe the weekly closes lower
I might punt a long, with the intent of closing near $95-96K. I am of the mindset we're in a downtrend, so I prefer to short bounces for now
I'm trading derivatives short-term to stack up cash to buy spot coins at lows
