#BTC #BITCOIN DAILY

After yesterday’s strong downside reaction, I’m taking a step back to review the higher timeframes with a focus on market profile insights.

Daily
Yesterday’s session printed a strong bearish engulfing candle, signaling momentum to the downside. My key area of interest is around $92,700, a significant support zone bolstered by a higher timeframe trendline. This area could become a focal point for potential reactions.

4-Hour
The selling pressure appears to be slowing, and I’m watching for a pullback. This could provide opportunities to align with the broader downtrend if price confirms its bearish intent.

30-Minute
The market profile from yesterday reveals a rotation to new value on the downside. Price closed and opened outside of yesterday’s value area, indicating acceptance of lower prices.

I’ve set alerts at $97,511 to look for potential short setups if price pulls back into this zone. However, if Bitcoin skips the pullback and heads directly to $92,700, I’ll focus on spotting rotations to the upside from this key support level.

What’s your perspective on Bitcoin’s next move?
#BTC #BITCOIN