As mentioned yesterday, $88k-$90k was likely to be a Bitcoin chop zone for now and that is exactly what we are seeing play out. This is a typical period of calm following volatility which we saw earlier in the week.
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VANRY is the native token of Vanar Chain, a cutting-edge Layer 1 EVM-compatible blockchain designed as the first truly AI-native infrastructure in Web3.
Rebranded from Virtua (TVK), Vanar integrates intelligence directly into its protocol with tools like Neutron for advanced data compression and Kayon for decentralized AI. It enables seamless on-chain storage of real data/files, intelligent agents, PayFi solutions, tokenized real-world assets (RWAs), ultra-fast transactions, and ultra-low fees—all while being carbon-neutral and eco-friendly.
Key highlights: Powers gas fees, staking, governance, and AI-driven apps.
Supports gaming, metaverse, DeFi, entertainment, and supply chain use cases.
Built for global adoption with high scalability and EVM compatibility.
In yesterdays update I mentioned that a Bitcoin sweep of $87.5k (Yearly Open) was on the table, and that is exactly what happened. A strong reaction from that level, back to $90k so far, but BTC us struggling to flip $90k (Prev Week Low) from resistance to support. A strong 4hr close above $90k could see BTC push back towards $93.6k (Weekly Open) but for now $88k - $90k will be the chop zone.
Yesterday the sell off on Bitcoin continued- reaching -10% from last week's highs. BTC swept below $88k before attempting to reclaim $90,080 (Prev Week Low,) but we can see there has been a strong rejection from here so far.
Today I am watching what happens if we see a clean test of $87.5k (Yearly Open.) To give confidence of this aggressive selling being over we need to see a 4hr reclaim of $90k, when we could then see a move towards the CME gap around $93k. $BTC $ETH $BNB #BTC #CryptoDawar #WhoIsNextFedChair #TrumpTariffsOnEurope #Write2Earn
Bitcoin continues to look weak and has been bleeding since the weekly open, as the markets are dominated by the issue over Greenland.
I mentioned yesterday that $92k (4hr EMA200) was a key level to hold as support, which is where the first reaction came from. This has now been lost this morning and, considering it lines up with $91.8k (Monday Low,) I would now expect some resistance here on a reclaim attempt. A move closer to $90k remains a real possibility. The Monday Range this week is: $91.8k - $93.6k.
With more news on tariffs and Trumps desire for the US to buy Greenland, Bitcoin saw an aggressive 4% sell off at the Weekly Close. The reaction so far has come exactly from the 4hr EMA200 in the $92k area.
$92k is a key level to hold and any 4hr acceptance below this would likely mean a retest of $90k atleast. $93.6k (Weekly Open) - $94.5k (Prev Month High) are likely to be areas of resistance today, and a reclaim of this zone will give confidence of a local bottom. The US markets are closed today and will reopen tomorrow.