Bitcoin Price Update š
On the daily timeframe, BTC remains in an uptrend, but the move is not supported by volume, Declining volume signals weak buying interest, and the price structure is forming a bearish flag, suggesting the downside move may continue.
On the 4H timeframe, BTC has failed multiple times to close above 90,500-91,000. & Price is now compressing, indicating indecision and weakness.
Overall Market View:
š Weak momentum
š No volume support
š» Lower timeframe rejection
ā”ļø Market structure shows weakness and is attracting the weekly support level.
My Bias: Only short trades are valid,š« No long positions unless structure shifts with strong volume confirmation.
š§ Patience is key ā wait for higher-timeframe confirmation.
BTC
68,717.8
-2.63%