Don't Blame Me, Blame the Volume Profile šāāļøšØ
$BTC Bitcoin is struggling in the 86k area. š
After repeatedly failing to hold in the 90k-92k zone (HVN 2 & Mid Range), that area has now officially turned into a thick supply wall.
In terms of Volume Profile, the logic is simple: rejection at the High Volume Node above usually forces the price to seek a new equilibrium below. The highest probability right now is that the price will continue to drop to test the Value Area Low (VAL) as the next demand.
Market conditions also support this scenario:
1. The global trend is still neutral-bearish.
2. Buyer momentum looks weak to reclaim 90k.
So, the most reasonable scenario is to continue being pressured downwards first before we can hope for a new *reversal* structure.
Just data, not financial advice. Stay safe!
#CryptoAnalysisUpdate #BearishScenarios #MarketUpdate
