Bitcoin Update: Bears Done? for CME:BTC1! by ROW_Partners
When retail throws in the towel and the loudest influencers go dead silent, contrarian setups begin to form. Looking at the daily chart of Bitcoin, price action is carving out a massive, early inverse head and shoulders pattern. The heavy volume yesterday is interesting too. Beyond the technicals, the sentiment backdrop is textbook accumulation territory. Recent social sentiment data shows an explosion of panic and capitulation terms like dead, finished, and dying across social feeds. The …
When retail throws in the towel and the loudest influencers go dead silent, contrarian setups begin to form. Looking at the daily chart of Bitcoin, price action is carving out a massive, early inverse head and shoulders pattern. The heavy volume yesterday is interesting too. Beyond the technicals, the sentiment backdrop is textbook accumulation territory. Recent social sentiment data shows an explosion of panic and capitulation terms like dead, finished, and dying across social feeds. The loudest crypto perma bulls have completely abandoned the hype, pivoting to lifestyle advice or arguing over general macro economics like Treasury yields and oil. Retail attention is officially exhausted, and speculative tourist volume is gone. This retail burnout matches the broader institutional narrative. Both Larry Fink and Jamie Dimon have highlighted that the excessive speculative leverage that previously drove wild boom and bust swings has largely been flushed out of the system. Without cascades of overleveraged margin calls constantly wrecking order books, the market transitions into a steady spot accumulation phase. BTCmomentum is turning SLOWLY. The RSI is not great but better, from oversold conditions. The TTM Squeeze is showing some positive divergence, confirming fresh positive momentum building out of this base. Bases are built when the crowd is bored, exhausted, and looking elsewhere. Respect your risk parameters and manage position sizing accordingly. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.