BTC: not looking pretty. burgers continue selling since the open, both nance and cb spot cvds negative, and cb premium red since start nov. plunge protection bids at 100, 99, and 98k. bigger bids at 95k. If bidding don't buy the slow drip but wait for capitulation candles on 5min

some mean reversion signals here but wait for intraday capitulation and reversals on the 5 minute (other side of V)

short open interest rising and at levels seen on the previous dip sub 100k. book getting skewed to the bids though (cca. 200M here).

First round of shorts closing happened. I feel we need to clear the bids at 95k for a bounce, so could see a tripple dip and then retest of 100k over the weekend. but we could meander longer

ok this was the 2nd drive. 95k bids filled. expecting a little bounce here then another retest of the lows during NY session. then hopefully we get the relief rally to 100k

@dornermode maybe that was it

3rd drive and US market close. 100k bounce on the weekend 🤞

the only thing I didn't like here was the volume. we have acceleration in daily candles, we're extending outside of the bollinger bands, we have a strong bid/bid skew, but volume is lacking on this 3rd drive for a valid capitulation. we could go lower...