đ Bitcoin Eyes $92K as Bulls Maintain Pressure
BTC continues its bullish momentum after key limit orders around $88K were filled on the spot market. Attention now shifts to the $92K resistance zone, while buy-side interest remains strong near $80K on both spot and futures.
đ From the Liquidation Map:
Heavy long liquidations below $88K have been absorbed.
Predictive clusters point to potential liquidations up to $92K, increasing pressure on short positions.
Green curve shows building short liquidations above current price â shorts are increasingly exposed.
đ Volume and Order Book Insights:
Trading activity is strong in the current range, signaling active seller resistance. However, price remains firm despite sell pressure, indicating demand is effectively absorbing liquidity. Limit order flow remains balanced â a sign of market resilience.
đ Price & Trend Outlook:
BTC is trading near its 50-day moving average and approaching the 200-day from below. A breakout above both would confirm a bullish reversal. Market price (~$88,914) acts as a short-term magnet level.
đ This Weekâs Macro Events:
IMF outlook (Apr 22)
G20 finance meeting (Apr 23)
Fed Beige Book & US jobless claims (Apr 24)
SEC crypto custody roundtable (Apr 25)
đ Market Forecast:
Volatility remains compressed, setting the stage for a breakout. Despite recent highs, bearish positioning still makes up 20%+ of block trades â highlighting a sentiment mismatch.
Watch for price action around $92K and potential volatility from U.S. macro signals or SEC updates.
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