On the 4‑hour chart, you can see a shallow descending channel—bulls buying each dip, bears defending resistance. Meanwhile, volume is tapering off, hinting at a potential squeeze soon.
Institutional flows are in play: Grayscale’s Bitcoin Trust is still trading at a discount, and Coinbase’s pre‑ETF numbers look healthy. On‑chain, whale wallets have been scooping up at these levels, while derivatives data shows a modest long‑short ratio—no extreme euphoria yet.
