$BTC
Price is currently in balance after yesterday’s pump.
A consolidation after an explosive move is generally considered an indication of potential continuation.
Price has also reclaimed the daily VWAP, which gives us a slightly bullish intraday signal.
That said, BTC is still trading below the daily open and the weekly VWAP.
For a continuation setup, I want to see those levels reclaimed first, followed by acceptance above yesterday’s high.
If buyers fail to do that, I think a weekend range becomes the more likely scenario #BTC Price Analysis# #Macro Insights#
Price is currently in balance after yesterday’s pump.
A consolidation after an explosive move is generally considered an indication of potential continuation.
Price has also reclaimed the daily VWAP, which gives us a slightly bullish intraday signal.
That said, BTC is still trading below the daily open and the weekly VWAP.
For a continuation setup, I want to see those levels reclaimed first, followed by acceptance above yesterday’s high.
If buyers fail to do that, I think a weekend range becomes the more likely scenario #BTC Price Analysis# #Macro Insights#