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$H H / USDT — big intraday unwind, but now price has reached exhaustion zone
This move was basically one giant liquidation wave.
After the aggressive spike up, the entire orderflow switched to unwind mode — each candle pushed lower without any meaningful absorption.
Volume shows one clear pattern → big dump volume at the top side… and then weak follow-through volume while price keeps drifting down. This is usually what happens when the buyers are not defending the trend anymore and the market just bleeds out slowly.
RSI is now in very crushed territory on lower timeframes.
That usually means momentum is already oversold… but oversold never means “must bounce immediately”. It only means the risk of a sudden small relief push becomes mathematically higher.
Timeframe based forward view (my personal opinion):
• 1H TF: still in clear down-trend → structure not broken yet
• 4H TF: price is now near an exhaustion cluster → here market either forms a micro-range or gives a dead-cat bounce
• 1D TF: still bearish macro bias → long term buyers didn’t step in yet at scale
Possible next path idea:
Short-term relief bounce is possible… but that bounce (if it appears) might just be a retest of broken structure → not a full reversal.
If structure flips on 1H — only then the narrative logic can change.
This is only my personal analysis.
Not financial advice.
Every trade is your own decision.#CryptoMarketPullback