🐂 $BTR Update: Bulls in Control, But Chilling Short-Term
Hey peeps, been eyeing BTR closely, and it's got solid bullish vibes overall, though it's kinda hanging in a quick consolidation right now. Not bad – could be setting up for the next leg up.
On volumes, those recent 1h candles popped with big action during the push to 0.03374, like 26M – straight-up bulls jumping in. But the latest pullback candle only had 10.9M, so no one's slamming the sell button hard. Feels like a mellow dip.
Fund flows are mixed: seeing net outflows in contracts everywhere, like -54k USDT in the last hour, probably leveraged folks cashing out profits. But price is still climbing, so I reckon spot buyers – maybe whales or institutions – are scooping up and overpowering that noise. For this 1h look, the short flows (5m to 1h) are key, and they're outflows but getting weaker (-19k to -55k), like sellers are tiring out.
Bottom line, I'm cautiously bullish $BTR – leaning toward longs but play smart.
Entry spots: Best bet around 0.03200-0.03180 (where MA10 meets S1 support). Or go aggressive if it cracks above 0.03310 with volume spiking.
Stop: About 3.5% under your entry, say 0.03090 if you hop in at 0.03200
Targets: First aim Resistance at 0.03410. Then stretch to next resistance at 0.03528 if volume kicks in on the break.
#BTR #Bitlayer #BTRusdt