⚡️ Quick #BTC View – 7:15 AM (Dec 22)
• As viewed since last night, the strong volatility occurred overnight into the morning, and BTC is still in the post-liquidation processing phase.
• After the heavy liquidation session last night, BTC has moved back to the MA99 support and entered a short consolidation phase. Above price, a new dense liquidation cluster has formed and can be considered a strong resistance zone:
• 89.7k
• 90.3k – the previous wick rejection area.
• Daily timeframe: BTC is testing the middle band and momentum is slowing down, showing weak follow-through buying.
• Weekly timeframe: BTC is still trying to hold a recovery move, but the range is small. If this structure breaks, the downside scenarios remain:
• Near-term: 86x
• Deeper move: 78x – 83x, with bearish momentum still intact.
📌 Conclusion:
• Current view: BEARISH, and Entry 2 has already been filled.
• A bullish view will only be considered if BTC pushes up and then forms a clear weekly high & low structure. I’ll update again when that happens.$BTC
