If you’ve been watching the charts this week, the shift in momentum is getting hard to ignore.
Take a look at this chart from Glassnode.
The top shows $BTC ’s price action, but the real story is happening in the bottom chart—the Total / BTC Spot Volume ratio.
For the past few months, we’ve been hovering around the median (3x), but look at that dashed circle on the far right. We’re starting to spike back towards 4x.
Historically, when this ratio breaks above the median and starts pushing toward 5x, it means one thing: liquidity is rotating from Bitcoin into altcoins.
You can see it in the background shading of the top chart too. The green (Bitcoin-led) phase is fading, and the red (alt froth) is creeping back in.
If you zoom out on the Bitcoin weekly chart, a clear pattern emerges😁
Every major cycle has its 'Relief Zone'—a crucial period of consolidation and re-accumulation after the initial breakout before the real parabolic run begins.
Looking at the current structure, we seem to be entering that exact phase right now. The 1W MA100 is acting as a key level to watch.
You can see those long wicks to the downside getting rejected, and we’re currently seeing a strong green candle pushing back up toward 0.3310.
It looks like we might be forming a local bottom here. However, I’m not chasing the green candle right now. I’m waiting for a conditional entry to manage risk.
If we get that confirmed close, it breaks the immediate local resistance and confirms the short-term reversal.
· Entry: 0.3350 - 0.3380 (on the retest)
· Target 1: 0.3500
· Target 2: 0.3650
· Stop Loss: 0.3080 (Just below the recent swing low. If we lose this, the setup is invalid). $JUP
$MORPHO is looking incredibly strong on this chart right now😁
We just printed a massive green candle, breaking through local resistance and tapping a new 24H high at $2.74. The momentum is clearly shifting back to the bulls after that recent dip.