Trading Spaces recap: One week after the $19B wipeout — are we bottoming or just wobbling?
TL;DR
Last Friday’s ~$19B+ liquidation cascade reset positioning across crypto; this week’s action has been a shaky retest rather than a clean recovery, with BTC probing the low ~100Ks and failing multiple reclaim attempts.
Den’s “line in the sand” on BTC: ~$98K. If it can hold above that level, there’s room for a base (but it might take time).
Macro watchlist driving chop: China–U.S. tariff rhetoric, private-credit & regional bank stress headlines, CPI into month-end, and earnings season spillover into risk.
How bottoms form (Den’s checklist): reclaim logical levels, flip EMAs on mid-timeframes, and let time do its job — outlier flushes often require weeks (not hours) of digestion.
Alts: TOTAL3/“Others” are back at key support; BTC dominance still leaning up. Translation: majors must lead before breadth returns.
Process over prediction: “It’s okay to not know.” Either buy deep sweeps at pre-mapped demand or wait for strength/confirmation — not the chop between.
