Papi
BTC - Spicy Rally But Signs of Short Term Retracement
BTC had a spicy candle here. A few thoughts: ↘️ Inflows up ~350% past week, highest since FTX ↘️ Exchange supply is up 1.6% in the past 3 days ↗️ Price up 36% and recovered $25k intraday. Bulls want to see $25k hold into weekly close on Sunday. A lot happening between now and then. Inflows (profit taking) increasing significantly but getting absorbed for now. If demand falters, it sets up for a strong retracement. **All eyes on macro & banking news.**