
Post
kingsley vin
BTC PULLBACK ≠ BOTTOM
$BTC at $77K and $ETH near $2.42K look more like a high-level pullback after BTC failed to reclaim $80K—not a confirmed bottom.
Daily RSI remains heavily overbought after BTC’s 23% surge in 5 days, much of it fueled by short covering. As shorts turn profitable, selling pressure is beginning to build.
Yet ETF demand remains a key support, with ~$600M in one-day BTC inflows led by IBIT. BTC also remains above its 200-day MA.
Watch whether demand absorbs the selling.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$79,742.9+0.00%
ETH/USDTEthereum
$2,485.99+0.00%
DOGE/USDTDogecoin
$0.0894+0.01%
Today’s market buzz
1#BTCGoldCorr+0.50


2#HammackBacksHike

3#ZECRanks10thByMarketCap
Hot