That’s a 15m bounce off the 102.3k low, but wouldn’t romanticize it. Tragical already. Volume’s drying up, no bullish engulfing, MACD still buried, RSI crawling out but not flipping. Price can’t reclaim the 7 EMA, still scared of commitment. Not a short squeeze, just a relief drift.
Might bait a few longs, but without a clean reclaim of 103.8–104k on real volume with a margin shift, it stays in the punishment zone. Watch for divergence or a second sweep. Anything else is just recovery cosplay.
