BTC and what I am seeing
So far the month of May, Bitcoin has been respecting its VWAP and upper band pretty well. Looking at it two ways. Reclaiming the upper vwap band (colored in yellow) following a decent reaction from the midrange (66530.13) BTC has been in for the past few weeks/ months. Start clearing so Or rejecting off the upper band and reaching towards vwap (colored in light blue) and clearing some of those lows down to 64.5ish. Allowing for wicks to 60k in the event of liquidation cascade. Btc has retraced from a logical area we expected it to 71.3k +/-. For the bulls we want to see the vwaps respected.
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