Coinbase & Binance spot buying with strong initiation from ~ mid 60s on $BTC.
Currently trading into H4 trend ~ 69-72.
Daily trend ~ 78-82s.
A reversion bounce like this is expected after an extreme volatile move to the downside yesterday.
However, safe to assume this will be a trader's market which will take some time to resolve unless proven otherwise.
What does that mean?
Unless daily trend is flipped decisively, will remain a rotational/value developing environment.
