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BaffahBTC
BaffahBTC
$BTC First signs of weakness. So far, this rally was driven by spot buying. This, however, has now changed. Spot CVD is declining while perps are pushing price higher. This makes the move less sustainable and more vulnerable to leverage flushes. We might see a pullback soon.
BaffahBTC
BaffahBTC
$BTC We are currently trading inside an ascending channel. After a pump like the recent one, this is a good sign. It shows that market participants are accepting these higher prices and are still accumulating. Although a pullback from here is likely, the overall direction remains up.

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