BlackSwan1

From both time and price-volume perspectives, it looks quite similar to 22-3-13, which also ran for 50 days before hitting the bottom.
It's a period of observing and waiting; there should be a phase of a surge and rally afterward. @SuperSaiyan0595

If 3-17 is utatd, then last week's supply shouldn't be so small; it should be greater than demand.
You can look at the weekly charts of 22-6-6, 22-8-15, and 22-11-7 spring.
So I think the most it will drop to around 65,700 before demand enters.
Anyway, based on the volume, it's not enough to break 60,000.
I lean towards the weekly chart already showing an accumulation structure, and next week it might push higher again to form utatd.

If 3-17 is utad, then last week's supply shouldn't be so small; it should be greater than demand.
You can look at the weekly charts of 22-6-6, 22-8-15, and 22-11-7 spring.
So I think the most it will drop to around 65,700 before demand enters.
Anyway, based on the volume, it's not enough to break below 60,000.

Leverage not high 3x, let's see where it drops to

12-hour pullback, by 8 AM this morning, let's see how high it pulls to. The test level is around 72200-73900.
If it breaks through this range and goes to the highest point to test, then it's not a test anymore, it's still utad.
At that time, we'll look at the specific price action and volume after supply appears at these two levels. On the right side, enter short positions with heavy position sizing (4-5x).

Ant is holding a long position, with a large position waiting to short.

There are no signs of the decline stopping in the past 4 hours. This wave might go directly to 66k.

Short me now, the daily chart has already closed bearish, so go short on it first.

Hedged and reduced the position slightly, will add to the short position again at 7.8-8.

Sigh. No need for BP anymore, I can't even place hedge orders.

Update on my perspective:
Currently there are two possible scenarios:
**Accumulation scenario:**
Around 72500 there may only be a minor pullback, which could be on the daily chart or just the 4-hour chart. After the pullback, it could still oscillate upward to the 77-80 area ( an excellent shorting position ) and will eventually crash
**Redistribution scenario:**
Around 72500 there will be daily-level supply
We'll know which one in the next couple of days

Update on perspective
Currently there are two possibilities: accumulation or redistribution
If accumulation: around 72500 may only see a minor pullback, could be on the daily or just 4-hour timeframe. After the pullback, it may continue oscillating upward to 77-81( excellent shorting position ) ultimately will crash down to the second test as well
If redistribution: around 72500 will see daily-level supply
We'll see over these next couple of days

I can't hold it anymore, I think it's about time. I don't think this is accumulation. If it were accumulation, it would need to go to the weekly ST line. There's no point in staring at the charts all the time. Time to sleep, time to sleep.

4-hour bearish, 6-hour bearish, 8-hour pullback bullish, 12-hour has supply and support.
But the daily closed a doji.
Likely heading down.
Dog whales are really something else.

This dog whale is choppy-ranging here like a dead mother, it's so disgusting.

You should also go to 7.2 for a quick touch. If it's going to fall, it should be in the next couple of days.

You should also go to 7.2 to give it a try.