Current Price: $94,390POC: $96,752Liquidity Zone (LIQ S): $102,531
Bitcoin is showing some clear signs of a potential breakout — but the direction still hangs in the balance! Let’s break down what’s happening:
🔸 Price Below POC: The price is currently trading below the Point of Control (POC), which often indicates bearish pressure. If buyers don’t step in soon, we could see more downside.
🔸 VWAP as Dynamic Support/Resistance: The yellow VWAP line has been a key player in previous moves. Right now, price is under VWAP, suggesting sellers are still in control.
🔸 Liquidity Pool Above: There’s a clear liquidity zone around $102,531, which could act as a magnet if buyers take control — but first, we’d need to reclaim the POC.
🔸 Low Volume Area: Price is sitting near a low-volume node. If we break down from here, there’s a good chance we’ll see a quick move toward the 90K–92K support zone.
🔸 Market Cipher Showing Bearish Momentum: The current wave formation on Market Cipher B suggests ongoing bearish sentiment. We’ll need to watch for any potential bullish divergence for signs of reversal.
📊 Potential Scenarios:
🔻 Bearish Case: Rejection from POC and continued selling pressure could push BTC toward the 90K–92K region.
🚀 Bullish Case: If BTC reclaims the POC ($96,752) and holds above it, we could see a run toward the 100K–102K liquidity zone.
📈 Key Levels to Watch:
Support: $90,000 – $92,000
POC: $96,752
Resistance: $100,000 – $102,531
💡 My Plan: Watching for a retest of the POC — if we reject, I’ll look for short opportunities down to 92K. If we reclaim and hold above, I’ll be targeting the liquidity grab at 102K.
Let’s see how this plays out! 🎯
#Bitcoin #DayTrading #MarketCipher #VolumeProfile #TechnicalAnalysis
