#Bitcoin Daily Update 🫡 BTC M15 CVD + Delta – CVD has surged strongly upward, presenting a clear possibility of absorption. Aggressive buyers are showing significant enthusiasm. For this CVD absorption to be valid, the indicator must break to a new high while price forms a lower high, signaling a potential reversal—such as a price action signal indicating supply is taking control. Yesterday, Delta on Coinbase flashed blue during the U.S. session, something we haven’t seen in quite some time. BTC M5 TPO (Market Profile) – Immediately after open, there was an attempt to break above the VAH, which turned out to be a false breakout. Price then declined, tested the VAL, and remains within yesterday’s value area. Thus, we currently have balance. BTC H1 – A channel-like structure has formed on Bitcoin. We’re currently trading at its lower boundary. A very strong supply zone has emerged on the H1 chart. I’m curious how price will react to this zone—could this be the fuel for a breakout below the channel? 🤔 Yesterday’s enigmatic zone also contains the VAL along its upper edge. BTC M30 – The monthly VWAP rejected price attempts to exit the value area twice yesterday, with price returning to balance. Cheers and have a great Friday! 😎