Despite the current consolidation, the intraday bullish trend remains intact.
The price stays above key VWAP levels, with a working zone around 89.7k–89.8k, indicating market acceptance. ✅
We observe selling pressure in the delta, but without a downward continuation, which reflects a clear absorption of sales by stronger players. As long as the 89.3k–89.4k zone is defended, the bias remains towards a bullish continuation with a target on liquidity above 90k, then potentially towards 90.9k–91.2k.$BTC dangerous zone(📈
A break and acceptance below 89.3k would question this scenario and open the way for a return to lower liquidity zones. 📉
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Despite the current consolidation, the intraday bullish trend remains intact.
The price stays above key VWAP levels, with a working zone around 89.7k–89.8k, indicating market acceptance. ✅
We observe selling pressure in the delta, but without a downward continuation, which reflects a clear absorption of sales by stronger players. As long as the 89.3k–89.4k zone is defended, the bias remains towards a bullish continuation with a target on liquidity above 90k, then potentially towards 90.9k–91.2k.$BTC dangerous zone(📈
A break and acceptance below 89.3k would question this scenario and open the way for a return to lower liquidity zones. 📉
Let's see.