Crypto
Capriole Fund's Bitcoin Node Strategy Flips Long Amid Bearish Market Structure
The Capriole Fund's Bitcoin Node Strategy has flipped long for the first time since its short signal at $115K last year.
This change in sentiment comes despite a broader bearish structure, with BTC currently trading below the EMA50 at $77564.43 and the EMA200 resting at $71683.17.
The Moving Average Convergence Divergence (MACD) death cross of -207.77 reinforces downside momentum, while the Relative Strength Index (RSI) remains neutral at 41.62.
Price action shows BTC at $77404.09 sitting just above the lower band support near $77123.66 within the Bollinger Bands, suggesting a potential test of this level before any sustained recovery attempt.