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01-09 01:47

$Coinbase Global, Inc.(COIN)$ $CME Bitcoin - main 2601(BTCmain)$  $iShares Bitcoin Trust(IBIT)$ πŸš¨πŸ“° $BTC indicator flips bullish again. Buyers are stepping in again at this level.

I’m focused on $COIN right here because the market is telling a very clean story across structure, volatility, and crypto beta.

Since flagging this zone yesterday, price has respected the $238.60–241.00 band, flushed residual liquidity, and rotated higher back inside the Keltner channel. That response matters. This is not a bounce, it is absorption. Right shoulders are constructed through overlap and time, not through vertical upside candles.

The latest 4H structure shows short-term EMAs beginning to flatten rather than roll over, and volatility remains contained. When $COIN breaks down with intent, Bollinger bands expand aggressively and structure unwinds fast. That has not occurred. Instead, sellers pressed once, failed to gain follow-through, and were met with counterflow.

Order flow confirms this behaviour. The sell program into the low $240s lacked persistence, and demand absorbed supply rather than stepping away. That shifts this from a risk-definition phase into a construction phase.

As long as $238 holds on a closing basis, the right shoulder framework remains intact. A decisive loss of that level would invalidate the setup, but until then, the market is behaving exactly as a durable reversal should.

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Trade like a boss! Happy trading ahead, Cheers, BC πŸ“ˆπŸš€πŸ€πŸ€πŸ€

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Comments

  • PetS
    01-09 09:11
    PetS

    Great article, would you like to share it?

  • Cool Cat Winston
    01-09 09:07
    Cool Cat Winston

    Great article, would you like to share it?

  • Kiwi Tigress
    01-09 08:45
    Kiwi Tigress

    Great article, would you like to share it?

  • Queengirlypops
    01-09 08:27
    Queengirlypops

    Great article, would you like to share it?

  • Hen Solo
    01-09 08:01
    Hen Solo

    Great article, would you like to share it?

  • Tui Jude
    01-09 07:54
    Tui Jude

    Great article, would you like to share it?

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