
Post
๐ฒ๐ด ๐ป๐๐๐
๐๐ โก
The bounce is a correction, not a reversal.
$BTC rebounded from 80,500 to 82,500, $ETH from 2,400 to 2,500, and $ZEC from 1,111 to 1,225. It's mostly short covering: the drop was so sharp that sell orders couldn't keep up. Open interest fell instead of rising, so no new longs are entering.
Daily chart: all MAs slope down, price is below the mid-band, and MACD is under zero. The trend is unchanged.
A breather isn't a reversal. Don't chase one green candle; wait for the structure to confirm.
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
$81,842.9+0.01%
ETH/USDTEthereum
$2,392.75+0.01%
SOL/USDTSolana
$103.87+0.02%
Todayโs market buzz
1#BTCETHInflowsWatch

2#SpaceXQ3Earnings


3#NetflixQ3AdsAndMargins