$BTC — Friday Volatility Pattern in May

$BTC Orderflow Update — Asia Open

$BTC is still within the range. Here's what happened during the US session and what the data is showing now:

📊 Price Action:
Small deviation below the $77K key level, tested and held. Price pushed back to $78K and is now consolidating. The level did its job.

📊 Spot CVD:
Still trending up. Buyers holding conviction. This remains the primary bullish signal to watch.

📊 Futures CVD + Open Interest:
Bullish divergence formed at the lows, Futures CVD made a lower low while price held higher. Shorts opened at the lows and couldn't follow through. OI declining, meaning longs are closing but some shorts are still open, potential fuel for a squeeze.

📊 Order Book:
Still ask-dominant. Sellers in control at the surface. But this can flip quickly if buyers step in.

📊 Funding:
Neutral at 0.005%: no overheated longs, plenty of room to move.

🔑 Key Takeaway:
$77K deviation looks like a fakeout so far. Shorts got trapped. Spot CVD holding is the bullish signal.
— Hold $77K = path toward $78.5K then $79.2K CME gap intact
— Lose $77K = range lows back in play

Thesis unchanged. Watching closely.

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