๐๐ฒ๐น๐ถ๐ฒ๐๐ฒ ๐ถ๐ ๐ผ๐ฟ ๐ป๐ผ๐ ๐ฑ๐ณ๐ธ ๐ป๐ฒ๐ ๐!
Indeed it's very good for the market to close daily and weekly in the positive. I'm not a permabear or permabull, but I call it as I see it on the chart. The problem with the current $BTC pump is that the spot volume is lacking; it's pumping purely based on open interest. I believe we should retrace soon with a target of $57k minimum, then we can analyze the next move.
If we get a daily close above $64k for at least 2 days, this will invalidate my view, and we should indeed move higher.
