Currently pushing into a key resistance zone here.
My base case is a rejection from this area, keeping the short-side idea valid, especially if we see liquidity taken above highs, but spot buying fails, CVD diverges, and OI builds without real follow-through (late longs getting trapped).
That said, everything depends on how pthe ice behaves around the grey zone.
If we flip and hold above it with real demand. Strong spot volume, clean CVD continuation, then the bearish idea is off the table, and I’ll shift bullish toward 109K, which becomes the next area of interest.
For now, I’m just holding a small-risk short and letting the market show its hand and the zone will decide the next move.
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$BTC HTF update:
Currently pushing into a key resistance zone here.
My base case is a rejection from this area, keeping the short-side idea valid, especially if we see liquidity taken above highs, but spot buying fails, CVD diverges, and OI builds without real follow-through (late longs getting trapped).
That said, everything depends on how pthe ice behaves around the grey zone.
If we flip and hold above it with real demand. Strong spot volume, clean CVD continuation, then the bearish idea is off the table, and I’ll shift bullish toward 109K, which becomes the next area of interest.
For now, I’m just holding a small-risk short and letting the market show its hand and the zone will decide the next move.