I was analyzing a potential bear flag on Bitcoin today and compared it with the MarchβApril lows. At that time, the market formed a similar structure, resembling a Wyckoff accumulation.
Could the market be forming a comparable setup again? Whatβs your view?
Weβre starting to see not only less selling pressure, but also a clear rise in buying pressure on Bitcoin ππ₯
Is this the beginning of the big move everyoneβs been waiting forβ¦ or just another liquidity trap for both bulls and bears? π€
Whenever OTHERS/BTC hits this major support, altcoins explode ππ₯
BTC.D now shows a possible mid-to-long-term reversal, hinting at another alt move.
ETH/BTC also forming a potential bullish flag π
Will this time be any different? π€
Four bullish signals popping up for BTC in the short term ππ₯
β’ π MACD bullish cross on the Daily
β’ π RSI oversold on the Daily
β’ π§ USDT.D oversold + MACD bearish cross
β’ π BTC.D starting a possible leg up
With all this... are you leaning bullish or staying cautious? π€
The Mayer Multiple is still far from signaling a market top β no overheated signs and no peak conditions π₯
It leans more toward a buy zone than a distribution phase.
Given this setupβ¦ are you buying, holding, or waiting for confirmation? π€
β’ π BTCUSDT: oversold
β’ π΅ DXY: overbought
β’ π§ USDT.D: overbought
Watching closely for a momentum shift before calling any reversal.
How are you positioned? π€