Post by Augustine Chiagozie (@pabloexchange)

📉 Market Overview

BTC: $65,917

ETH: $1,914

Fear & Greed Index: 33 (Fear)

BTC Dominance: 59.50%

🔭 The price is clearly respecting the channel boundaries we mapped out. Yesterday, we pumped right up to its upper limit and are now seeing a completely logical short reaction. We shouldn't rule out a surge in short interest, which might prompt the market to push slightly higher just to hunt their immediate stops ($67K–$68K). On the flip side, if the bulls end up overcrowded, the price could easily slide down to clear out the long stops around $65K.

As for the higher-timeframe trendline I mentioned yesterday, the price action so far strongly resembles a fakeout. I won't jump to hasty conclusions just yet, but I'll say this: for now, I'm viewing any local upward spikes exclusively as potential entry points for a short.

What is your current move?

👍 — Longing
🔥 — Shorting
😎 — Waiting

📉 Market Overview BTC: $65,917 ETH: $1,914 Fear & Greed Index: 33 (Fear) BTC Dominance: 59.50%...

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