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$BTC
It’s a strange feeling when you’re watching a chart like this; you spend the whole morning feeling like you’ve cracked the code, only for the market to remind you who’s actually in charge. Looking at BTC/USDC on the 15m time frame, it’s one of those classic moments where the initial rush settles into a much more interesting, quiet tension.
The Insight
What’s sticking out to me isn’t the big green climb we had earlier, but how we’re interacting with the MA28 (purple line) at 80,863.5. After that sharp rejection from the 24h high of 81,323.0, Bitcoin is currently sitting at 80,688.9. To me, this looks like a search for a new floor. We’ve slipped below our short-term averages, and the next few candles will likely tell us if this is a healthy breather or a deeper reset.#WCTCTradingKingPK