$BTC Update & MMT Heatmap Bitcoin is now trading in a tight range after the sharp move down earlier this week. Volatility has contracted and price is no longer accelerating lower, which often signals that the market is transitioning from impulse to decision phase. Liquidity above current price remains significant, while downside pools have thinned out considerably. From here: A controlled reclaim of nearby resistance would shift focus toward the upper liquidity clusters. If support gives way, we likely see a quick probe lower before any broader recovery attempt. Enjoy your weekend and see you soon!
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Gm and happy Saturday! ☀️
$BTC Update & MMT Heatmap
Bitcoin is now trading in a tight range after the sharp move down earlier this week.
Volatility has contracted and price is no longer accelerating lower, which often signals that the market is transitioning from impulse to decision phase.
Liquidity above current price remains significant, while downside pools have thinned out considerably.
From here:
A controlled reclaim of nearby resistance would shift focus toward the upper liquidity clusters.
If support gives way, we likely see a quick probe lower before any broader recovery attempt.
Enjoy your weekend and see you soon!