GM Traders!☀️ $BTC is bottoming, but imo the bottom is not in yet. > Funding is elevated, CVD is flat and there is no meaningful signs of absorption. Not an amazing score on orderflow > Midterms + potential ME escalation next week. This can mark the bottom WHEN it happens, but until then is a fear driver > Decent tests at the lows, but no strong reclaim of key levels above such as the pmVAL + 90d rolling VWAP. Thoughts going into the weekend, wishing you all a great one
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