🚨 The bounce is real, but I'm not chasing longs just yet. Even tough bitcoin:native reclaimed $63K (+4%), and ethereum:native reclaimed $1.7K (+7.7%), RSI was 24 and Fear & Greed sits at 8. Textbook oversold conditions that often precede a move higher. A $504M short squeeze did most of the lifting. But that's the point, this rally is driven by shorts covering, not buyers stepping in. The structure underneath is still heavy, 13 straight days of ETF outflows ($4.4B), whale wallets flat since February, and a Fed that just pushed cuts into 2027. A long can work here. But you're fading the trend, not riding it, until ETFs turn net positive and bitcoin:native reclaims $66–67K on volume. Until then, smaller size, defined risk, no conviction adds. Patience is a position too.⏳
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