Have you noticed how $BTC keeps failing right where the bigger VWAP levels sit?
A lot of traders are still buying every dip into this zone and then watching the bounce die, which is how you end up stuck with no clear exit while the level you trusted just stops working.
Treat this as a case study, not another automatic bounce story. Price is currently rejecting from the weekly VWAP near 83.7k and the monthly VWAP around 84.2k. Those two sit close together, and the reaction so far says the market is not accepting price above them. The line that actually decides it is a close below 83.5k. Hold that and this can stay a messy range. Lose it on the close, and the rejection from those VWAPs starts to look like sellers still control the pocket rather than a one-session fade.
Where do you think $BTC goes if that 83.5k close actually prints?
#Bitcoin #BTC #Crypto
A lot of traders are still buying every dip into this zone and then watching the bounce die, which is how you end up stuck with no clear exit while the level you trusted just stops working.
Treat this as a case study, not another automatic bounce story. Price is currently rejecting from the weekly VWAP near 83.7k and the monthly VWAP around 84.2k. Those two sit close together, and the reaction so far says the market is not accepting price above them. The line that actually decides it is a close below 83.5k. Hold that and this can stay a messy range. Lose it on the close, and the rejection from those VWAPs starts to look like sellers still control the pocket rather than a one-session fade.
Where do you think $BTC goes if that 83.5k close actually prints?
#Bitcoin #BTC #Crypto