Bitcoin just bounced off 100,410 like it was slapped awake by a wet towel. The dump was sharp, violent, textbook, and now we’re in that post-slap daze where every green candle looks like redemption. It’s not. Not yet.
You zoom in on the 1h and the first thing you notice is the limp punch back up. A jagged crawl to 103,5k with RSI and MACD both screaming “Look, we’re alive” but sounding more like someone breathing through a straw. MACD’s gone green, sure, but that doesn’t mean strength. It means recovery. Like someone vomiting, then saying they’re fine.
StochRSI? Maxed out at 99.78. Williams %R? Same story. Every indicator is redlining. This isn’t clean trend acceleration. This is what happens after market makers finish feeding on panic liquidity and leave bots to mop up.
And the order book? Paper-thin past the spread. Scattered like someone rearranged it with a baseball bat. The buy side outweighs for now, but that flips the moment volume dries up and hesitation sets in. There are liquidity clusters forming, but they’re shallow. Push into 103.8k and you start sliding again.
Money flow is mixed. The inflows are real, but cautious. The 5-day still bleeds red. Over 592 BTC flowed out, and that says more than any single green candle ever could.
So what are we looking at?
A bounce. Not a rally. A reflex. A jolt in a week soaked in macro nerves and post-fud digestion. People whisper about Fed rate cuts. Others think Trump tariffs already did their job. What’s left is reflex — the twitch before clarity.
This isn’t breakout territory. This is market triage. Chart says green, traders say cope, and the price says we’re not out of the woods. Not yet.
Now let’s see if it walks, or if it crawls back into the red.
