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Gm

Gm frens. Have a great day.

#BITCOIN DAILY TF UPDATE :#BITCOIN on Daily TF, retraced whole week have a closing over the resistance area. Hoping for the more bullish moves ahead, the only issue is this current level, which is a heavy rejection area.

Good evening

#BITCOIN WEEKLY TF UPDATE :#BITCOIN on WEEKLY TF, formed a resistance at $119,000 and not trying to break of the area. Currently, it getting the rejection wick and might gave new All Time highs sooner.

After weeks of sideways chop between $100k–$110k, Bitcoin has regained upside momentum and broken to a new ATH of $122k. According to the Cost Basis Distribution (CBD) Heatmap, this consolidation phase saw heavy accumulation in both the $93k–$97k and $104k–$110k zones.Breaking above these dense supply clusters may now establish strong support, forming a potential foundation for future market pullbacks.

When assessing the 30-day change in aggregate open interest, we observe that the magnitude of fluctuations has been accelerating. Throughout the 2023 calendar year, changes in open interest remained relatively muted, however, following the introduction of US Spot ETFs in January 2024, these fluctuations began to intensify.
This growing volatility in open interest signals a broader market transition, from one primarily driven by spot activity, to a more derivatives-led structure. Such a shift increases the risk of cascading liquidations and contributes to a more unstable and reflexive market environment.

#BITCOIN WEEKLY TF UPDATE :#BITCOIN on WEEKLY TF, make a new All Time High and still pushing. The Weekly candle goes very big and closing healthy means it can go further. Eyes on Weekly close and let's see how it goes.