u/HaroldNGU

btc bounced from $59.1k to around $64.2k, but volume has tailed off on the way up.

maybe sellers ran out of steam after the flush or just a relief bounce after liquidations. i'm leaning toward the latter for now because i'm not seeing much evidence of fresh spot demand.

us-iran talks appear to be making progress, oil has eased, and asian stocks moved higher. btc didn't get much extra lift from that. one session doesn't prove anything, but it does make me less comfortable calling $59k the bottom.

i'm watching $65k to $66k on bydfi. i'd only consider a small long after a four-hour close above $66k and a retest that holds. my invalidation would sit below the retest low.

if btc revisits $59k, lighter sell volume won't be enough. i'd want a failed breakdown or quick reclaim.

what would make you treat $59k as a real bottom?