BTC 1D
❗️Technical correction
Nothing has changed over the week.
The price has returned to the range 78,200 – 94,900.
Statistically, May is full of surprises. Surprises with red numbers.
The Volatility Index is 4.08 (decreasing volatility), we’re waiting for an impulsive move.
📌 We expect a correction toward 88,752 – the previous highs zone, and 85,600 – the liquid zone that acts like a magnet for price.
You need to keep your finger on the pulse, since shake-outs in both directions are still possible.
🔴 Price rising on negative cumulative delta
🔴 A new war is brewing in the world
🔴 Reaction from the seller zone
🔴 Indicators are overheated. It’s time to cool them down.
✔️ No breakdown of the local up-trend structure
✔️ Strong buyer interest. Corrections are being bought up
✔️ Locally bullish momentum
✔️ Powell has been sidelined
⚙️ Technical data:
⚫️ 1W – bearish pin bar
⚫️ RSI (1D) – 60 (bullish zone)
⚫️ Cumulative delta – –1.19 B ❗️
⚫️ Trading volume – 22.41 B
⚫️ Open interest – 63.3 B
⚫️ Funding – positive on 7 out of 11 exchanges
⚫️ Fear & Greed Index – 52 (neutral)
⚫️ BTC Dominance – 64.74%
❗️Nearest liquidity clusters (shorts) – 92,875 (58.34 M)
↗️ Optimistic scenario:
Take out the mirror high at 99,431 (Perp) and then an organic correction to the previous weeks’ high zone. After that, a new high up to 109.9 K.
📉 Bearish scenario:
From here, an aggressive correction down to ~84.5 K, slight consolidation, then further markdown toward 74 K.
💡 I lean more toward the optimistic scenario.
Bitcoin’s volatility this week is the lowest in the last five years. Bitcoin traded sideways calmly, while alts picked up a bit.
BTC dominance is in a strong up-trend. Alts remain weak. As soon as banking-sector activity cools off, we’ll see it on the chart.
The Fed’s rate decision is on Wednesday, 07 May. Expect volatility.
“Sell in May and go away” – the market warns no one.