Current Price: $94,390POC: $96,752Liquidity Zone (LIQ S): $102,531
Bitcoin is showing some clear signs of a potential breakout — but the direction still hangs in the balance! Let’s break down what’s happening:
🔸 Price Below POC: The price is currently trading below the Point of Control (POC), which often indicates bearish pressure. If buyers don’t step in soon, we could see more downside.
🔸 VWAP as Dynamic Support/Resistance: The yellow VWAP line has been a key player in previous moves. Right now, price is under VWAP, suggesting sellers are still in control.
🔸 Liquidity Pool Above: There’s a clear liquidity zone around $102,531, which could act as a magnet if buyers take control — but first, we’d need to reclaim the POC.
🔸 Low Volume Area: Price is sitting near a low-volume node. If we break down from here, there’s a good chance we’ll see a quick move toward the $90K–92K support zone.
🔸 Market Cipher Showing Bearish Momentum: The current wave formation on Market Cipher B suggests ongoing bearish sentiment. We’ll need to watch for any potential bullish divergence for signs of reversal.
📊 Potential Scenarios:
🔻 Bearish Case: Rejection from POC and continued selling pressure could push BTC toward the $90K–92K region.
🚀 Bullish Case: If BTC reclaims the POC ($96,752) and holds above it, we could see a run toward the $100K–$102K liquidity zone.
📈 Key Levels to Watch:
Support: $90,000 – $92,000
POC: $96,752
Resistance: $100,000 – $102,531
💡 My Plan: Watching for a retest of the POC — if we reject, I’ll look for short opportunities down to $92K. If we reclaim and hold above, I’ll be targeting the liquidity grab at $102K.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.