A tight range and a flush
For most of last week, bitcoin traded in a narrow band between $63,700 and $65,500. That kind of compression usually precedes a breakout — and it did, but not in the direction some expected. The $465 million in fund outflows hit over two sessions, suggesting leveraged positions were unwound rather than long-term holders bailing.
The range held. That's the story. The flush cleared out overextended longs, and the price snapped back to the top of the band. It's a pattern traders know well: a quick shakeout, then a recovery. The question is whether the recovery has legs.
Danish:Et snævert interval og en udrensning
Det meste af sidste uge handlede bitcoin i et snævert bånd mellem $63.700 og $65.
