Here's what happened when price tagged the weekly and monthly volume averages and couldn't hold.
You know that feeling when you buy the break and then spend the next few hours staring at a level that just flipped against you, unsure whether to exit or sit through another fakeout.
It's rejecting from the wVWAP around 83.7k and the mVWAP near 84.2k right now. Those aren't random lines. They're where a lot of volume has been doing business, and failing both of them in the same session is different from a single wick.
If we close below the 83.5k line, $BTC would be giving back the zone it just tried to reclaim. Compared with the sessions where price held above both averages and the trend actually continued, this looks more like the old VWAP rejections that rolled into a grind lower. $ETH can look calm on its own and still follow if $BTC loses that shelf.
Where do you think this goes if that 83.5k close actually prints?
#Bitcoin #BTC #Crypto
You know that feeling when you buy the break and then spend the next few hours staring at a level that just flipped against you, unsure whether to exit or sit through another fakeout.
It's rejecting from the wVWAP around 83.7k and the mVWAP near 84.2k right now. Those aren't random lines. They're where a lot of volume has been doing business, and failing both of them in the same session is different from a single wick.
If we close below the 83.5k line, $BTC would be giving back the zone it just tried to reclaim. Compared with the sessions where price held above both averages and the trend actually continued, this looks more like the old VWAP rejections that rolled into a grind lower. $ETH can look calm on its own and still follow if $BTC loses that shelf.
Where do you think this goes if that 83.5k close actually prints?
#Bitcoin #BTC #Crypto