Daily $BTC Market Analysis
Bitcoin has commenced the week exhibiting bullish momentum. However, I remain cautious and unconvinced of its sustainability.
The basis for my skepticism is as follows:
I will reserve optimism until Bitcoin decisively establishes a higher high and subsequently maintains stability above the daily 200 moving averages.
On the bearish side, there exists a minor CME gap alongside a substantial cluster of liquidations, driven by the steady uptrend from 77,000, which has enticed a significant number of long positions.
It is entirely plausible that Bitcoin could form an equal high at this juncture—or marginally exceed it—before initiating a downward move.
These liquidations would be strategically positioned within the critical range between the local low and the current level.
This outlook would be invalidated should we witness a robust upward surge, with the exponential moving average providing sustained support.
