BTCUSDT/IBIT: No Recovery in Sight Yet. Don't Be Fooled.

Hello everyone. As I closely examine BTCUSDT and IBIT, I have a significant observation: there are no clear signals yet that selling is slowing down. This means it's too early to speak of a recovery in the market.

As intelligent investors, we look not only at price movements but also at the market's underlying dynamics. Currently, I see no clear indication in either BTCUSDT or IBIT that selling pressure is diminishing.

In such situations, a meticulous examination of the volume footprint is essential. We analyze every detail in the volume to understand if buyers are truly stepping in, and if selling orders are being absorbed. At the same time, I am closely monitoring CDV (Cumulative Delta Volume) divergences. If selling pressure were truly decreasing, we would expect to see clues in the CDV, but as of now, such confirmation is absent.

To confidently state that the market has entered a recovery phase, we need strong and confirmed breakouts on a low timeframe (LTF). Following these breakouts, a successful retest of the broken levels as support would be a reliable signal that the market has shifted direction. However, at present, such a structure has not formed.

As you know, I only trade coins that show a sudden and significant increase in volume. This approach allows me to focus my capital where the market is truly revealing its intentions. My current observation in BTCUSDT and IBIT is that this type of volume increase is not yet signaling a recovery.

Therefore, for those anticipating a market recovery, it is crucial not to act hastily and to await concrete confirmation signals. The market rewards the patient.

📌I keep my charts clean and simple because I believe clarity leads to better decisions.
📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups.
📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.

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