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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.
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