#Bitcoin Update
As long as $BTC does not experience significant declines, it remains in a bullish position. While this may seem unconventional, it reflects the current situation.
Bulls are actively defending the support levels, whereas bears are maintaining resistance. The overall trend is bullish, with each upward movement supported by substantial spot inflows, while downward movements are primarily driven by leverage.
I find the liquidation cluster at $89,000 noteworthy, as it represents a substantial layer of liquidity. The nearest layer of liquidity is in the $75,000 - $76,000 range, which we are likely to reach.
However, I believe we will first approach the $89,000 - $90,000 range.
The point at which the bullish scenario would be invalidated is a breakdown of the $83,400 support level, along with sustained consolidation below that level (not merely a temporary impulse).
#BTC Price Analysis# #Crypto#
As long as $BTC does not experience significant declines, it remains in a bullish position. While this may seem unconventional, it reflects the current situation.
Bulls are actively defending the support levels, whereas bears are maintaining resistance. The overall trend is bullish, with each upward movement supported by substantial spot inflows, while downward movements are primarily driven by leverage.
I find the liquidation cluster at $89,000 noteworthy, as it represents a substantial layer of liquidity. The nearest layer of liquidity is in the $75,000 - $76,000 range, which we are likely to reach.
However, I believe we will first approach the $89,000 - $90,000 range.
The point at which the bullish scenario would be invalidated is a breakdown of the $83,400 support level, along with sustained consolidation below that level (not merely a temporary impulse).
#BTC Price Analysis# #Crypto#
