$BTC

Current Price: $94,390POC: $96,752Liquidity Zone (LIQ S): $102,531

Bitcoin is showing some clear signs of a potential breakout โ€” but the direction still hangs in the balance! Letโ€™s break down whatโ€™s happening:

๐Ÿ”ธ Price Below POC: The price is currently trading below the Point of Control (POC), which often indicates bearish pressure. If buyers donโ€™t step in soon, we could see more downside.

๐Ÿ”ธ 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.

๐Ÿ”ธ Liquidity Pool Above: Thereโ€™s a clear liquidity zone around $102,531, which could act as a magnet if buyers take control โ€” but first, weโ€™d need to reclaim the POC.

๐Ÿ”ธ Low Volume Area: Price is sitting near a low-volume node. If we break down from here, thereโ€™s a good chance weโ€™ll see a quick move toward the 90Kโ€“92K support zone.

๐Ÿ”ธ Market Cipher Showing Bearish Momentum: The current wave formation on Market Cipher B suggests ongoing bearish sentiment. Weโ€™ll need to watch for any potential bullish divergence for signs of reversal.

๐Ÿ“Š Potential Scenarios:

๐Ÿ”ป Bearish Case: Rejection from POC and continued selling pressure could push BTC toward the 90Kโ€“92K region.

๐Ÿš€ Bullish Case: If BTC reclaims the POC ($96,752) and holds above it, we could see a run toward the 100Kโ€“102K liquidity zone.

๐Ÿ“ˆ Key Levels to Watch:

Support: $90,000 โ€“ $92,000

POC: $96,752

Resistance: $100,000 โ€“ $102,531

๐Ÿ’ก My Plan: Watching for a retest of the POC โ€” if we reject, Iโ€™ll look for short opportunities down to 92K. If we reclaim and hold above, Iโ€™ll be targeting the liquidity grab at 102K.

Letโ€™s see how this plays out! ๐ŸŽฏ

#Bitcoin #DayTrading #MarketCipher #VolumeProfile #TechnicalAnalysis