QQQM Return Rate
Traded Value$Circle(CRCL.US)this bounce is pretty textbook — oversold + BTC strength + short covering all stacked. When Bitcoin rips, stablecoin narrative gets a bid too.
That upper wick yesterday matters though — shows sellers active into strength, likely early longs taking profit + trapped bagholders exiting.
So upside isn’t gone, but it’s harder now. Feels like:
• still room for grind up
• but no longer clean squeeze
• more chop / fade risk near resistance
Not easy trend anymore, more tactical.
@Bridge Buzz SG
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