$BTC Analysis: Are Bulls in Control After Bitcoin Returns Above $94,000? 🧐

Bitcoin regained short-term bullish momentum, surpassing $94,000 before a slight pullback to $92,717. However, core liquidity indicators suggest caution.

Following a market structure break on December 3, $BTC struggled to close above $93,000. Awaiting the FOMC meeting, sideways consolidation prevailed as investors took a wait-and-see approach. Tuesday saw Bitcoin decisively break $93,500, forming a higher high and restoring short-term bullish momentum. 🚀

On the 4-hour chart, $BTC absorbed the FVG between $87,500-$90,000, but follow-through was initially weak. The recent breakout cleared hesitation, signaling renewed strength despite macroeconomic uncertainty. Price action hovers near the monthly VWAP on both 4-hour and daily charts. A sustained close above the monthly VWAP post-FOMC could confirm a trend reversal. ✨

Trader Jelle noted recent $BTC action was "boring," hovering near the monthly open. Key levels to watch are a lower low under $87,600 or a clean breakout above $93,000. 🎯

Despite the price surge, liquidity metrics urge caution. Buy/sell ratios remain low and unstable, with the rally appearing price-driven rather than order-book supported. 📉
Market depth is shallow; the Korea Premium dropped, signaling muted retail. Conversely, the Coinbase Premium turned positive for U.S. investors, an early sign of spot accumulation during trend reversals. 📊

In summary, $BTC shows bullish intent pre-FOMC, but traders should monitor liquidity and regional sentiment divergences carefully.
Information is for market updates, not investment advice. 📝

(BTCUSDT)