Bitcoin continues to consolidate within a critical range, trading between clearly defined support and resistance zones over the past week. Price action remains "trapped" within this structure, akin to a market equilibrium phase, with neither bulls nor bears taking decisive control.
Currently, BTC is testing a major historical resistance cluster — an area shaped by prior price memory and significant psychological levels. Over the weekend, price action into this resistance showed visible exhaustion, with momentum stalling and early signs of supply absorption emerging.
Simultaneously, Bitcoin is balancing on the daily anchored VWAP, a key dynamic indicator used by institutional participants to gauge fair value. A sustained breakdown below VWAP would significantly increase the probability of a broader corrective move toward key prior support levels.
Technical Scenarios to Monitor:
🔹 Bullish Resolution: Reclaiming resistance with strong volume expansion could open the door for continuation toward ATH zones and price discovery.
🔹 Bearish Resolution: Failure to hold the VWAP and daily structure support would likely trigger a deeper corrective leg, potentially retesting prior demand zones.
Market Context:
No clear trend reversal signals yet, but growing evidence of momentum loss at the highs.
Sideways price action is typical during key decision points; expect compression before expansion.
Macro structure remains bullish, but short-term caution is warranted.
🧠 Key Levels:
Resistance Zone: Watching for acceptance or rejection above current highs.
Support Zone: Anchored VWAP and key daily structure (~confirm levels based on your chart).
⚡ Stay nimble — Bitcoin is at a critical juncture where the next few sessions could define medium-term direction.
#Bitcoin #BTC #TechnicalAnalysis #CryptoMarkets
Currently, BTC is testing a major historical resistance cluster — an area shaped by prior price memory and significant psychological levels. Over the weekend, price action into this resistance showed visible exhaustion, with momentum stalling and early signs of supply absorption emerging.
Simultaneously, Bitcoin is balancing on the daily anchored VWAP, a key dynamic indicator used by institutional participants to gauge fair value. A sustained breakdown below VWAP would significantly increase the probability of a broader corrective move toward key prior support levels.
Technical Scenarios to Monitor:
🔹 Bullish Resolution: Reclaiming resistance with strong volume expansion could open the door for continuation toward ATH zones and price discovery.
🔹 Bearish Resolution: Failure to hold the VWAP and daily structure support would likely trigger a deeper corrective leg, potentially retesting prior demand zones.
Market Context:
No clear trend reversal signals yet, but growing evidence of momentum loss at the highs.
Sideways price action is typical during key decision points; expect compression before expansion.
Macro structure remains bullish, but short-term caution is warranted.
🧠 Key Levels:
Resistance Zone: Watching for acceptance or rejection above current highs.
Support Zone: Anchored VWAP and key daily structure (~confirm levels based on your chart).
⚡ Stay nimble — Bitcoin is at a critical juncture where the next few sessions could define medium-term direction.
#Bitcoin #BTC #TechnicalAnalysis #CryptoMarkets
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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.
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Disclaimer
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.