BSV – ready for another dump or sneaky reversal? While majors steal the spotlight, BSV has been sliding after recent headlines about tightening scrutiny on older fork projects, and the market clearly lost interest for now. Volume dried up on the way down, then spiked as price stabbed below that big orange demand block on the 4H chart.
On the 4H, price is trading under the mid‑range, RSI is weak and hugging the lows, and the last bounce attempt from orange supply was instantly sold off. That keeps me leaning short, targeting the green zone below as the next liquidity pocket where late longs might finally capitulate. According to the footprint of volume and this failed range breakout, sellers still own the tape.
My plan: as long as BSV stays below the orange band, I treat bounces into it as potential short entries, aiming toward the green zone as a take‑profit area ✅. If buyers suddenly reclaim the orange zone with strong candles and RSI back above mid‑line, that invalidates the short thesis and opens the door for a squeeze back into the red resistance above. I might be wrong, but for now I’m staying bearish until price proves otherwise.