BTC dropped through 105k after the PCE release. No bounce, no volume spike, just a steady unwind. The charts show weak recovery attempts sold immediately. Bollinger Bands widening downward. RSI still oversold, but that hasn’t stopped continuation all day. MACD on the daily still pointing down, no flattening, no divergence. Price is riding the lower band, and there’s no midline test in sight. Order book on the spot side shows no credible bid stacking. Futures funding negative, but not extreme enough to signal capitulation. Just slow, constant selling.
My PnL? Same color as the candles.
{spot}(BTCUSDC)
