2026-01-11 22:31:02

Weekly closes showing a pullback - price action closing SFP with daily trend breaking above resistance but then reversing back into prior week's zone. Not exactly the pattern you want to see.

Here's what would shift the narrative: a solid reclaim of the short-term uptrend, ideally pushing through that 91.7k level where prior week's high sits. The catch? It needs real SPOT buying pressure behind it, not just perp longs chasing derivatives. That's the difference between a real move and a flash bounce.

SFP-0,69%

PERP-1,03%

MOVE-3,02%

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Ramen_Until_Rich

· 9h ago

It's that kind of fake-out market again, annoying. --- 91.7k needs to be broken, otherwise it's just a trap. --- Spot market can't keep up, leverage traders should stop messing around. --- This kind of repeated tug-of-war pattern is the most annoying. --- It depends on whether real money is entering the spot market, otherwise it's a mess. --- A weekly pullback like this makes short-term optimism difficult. --- It's not that I'm bearish, but there's a lack of genuine buying support. --- Back to last week's range, the rhythm has been disrupted.

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SellTheBounce

· 9h ago

Here comes the false breakout again, the perp long relay baton can't be passed on anymore.

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DaoGovernanceOfficer

· 9h ago

spot buying pressure vs perp chasing is empirically speaking the most underrated distinction in this space tbh. like, the data literally shows how many positions just evaporate on actual volume... anyway this pullback setup? classic fake breakout patterns we've documented before. needs institutional conviction not retail fomo

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rugpull_ptsd