$BTC My view on the market at the moment:

A brief support has formed at 89,400, but I believe it will not last. Here are my reasons:

1st) The price did not react strongly to the support, did not create FVG or anything, which indicates that there is no real institutional interest;

2nd) The price is falling despite a positive delta: this means that although there are more buyers, the price is still falling with few LARGE entries;

3rd) Smart tape: by observing the smart tape, it is possible to notice these movements; when the price rises, there are many small orders (retail), and when it falls, there are only a few giant orders that are enough to tame the buyers;

4th) Liquidity: for retail, support is a safety zone, but for institutions, it is an easy liquidity zone; they know that stop orders are concentrated there, so they will seek it out.