Market Update – BTC Outlook 📊
According to overall market sentiment on Binance, around 64% of participants believe BTC will remain bullish today, while 36% expect the market to stay bearish.
Today, the crypto market recorded an outflow of $295 million 💸, with total trading volume around $100 billion and a market capitalization near $2.95 trillion .
From my perspective, the scenario also looks bullish for BTC today . Most of the downside liquidity has already been swept, reducing immediate selling pressure. Price first moved upward, then pulled back to collect support-side liquidity, which often turns into buying pressure 💪.
Now, BTC appears to be preparing for another upward move . On the lower timeframe, we have already seen a clear downside rejection ❌, suggesting that sellers are losing strength.
However, one thing to watch closely : when bullish sentiment becomes dominant, BTC often needs confirmation through structure. If BTC fails to hold above the key support at 86,600 ⚠️, this outlook can change quickly.
Overall, my view remains bullish on BTC today 🚀
What’s your view on Bitcoin? Share your thoughts below 👇💬
