BTC is testing a key auction battleground where the 30-day rolling VWAP (short-term value) and the 90-day rolling VWAP (quarterly value) are converging.
In February (red circle), the 30D VWAP slipped under the 90D VWAP — a sign that the short-term auction was no longer able to sustain bids above intermediate value. This imbalance triggered a liquidation move, pushing price down toward the 365D VWAP (yearly value).
In April (green circle), buyers defended the 365D VWAP, treating it as a long-term fair value anchor. That defense re-initiated the rally and reset the auction higher.
Today, the market is once again probing this value overlap zone between the 30D and 90D VWAP. The outcome will define whether short-term participants can accept higher value or whether rejection sends price back into deeper balance.
Auction scenarios to monitor:
In auction terms, BTC is in price discovery mode at overlapping value areas.
Watch for where acceptance forms — that’s where the next directional conviction will emerge.
In February (red circle), the 30D VWAP slipped under the 90D VWAP — a sign that the short-term auction was no longer able to sustain bids above intermediate value. This imbalance triggered a liquidation move, pushing price down toward the 365D VWAP (yearly value).
In April (green circle), buyers defended the 365D VWAP, treating it as a long-term fair value anchor. That defense re-initiated the rally and reset the auction higher.
Today, the market is once again probing this value overlap zone between the 30D and 90D VWAP. The outcome will define whether short-term participants can accept higher value or whether rejection sends price back into deeper balance.
Auction scenarios to monitor:
- Acceptance above 113.6K → short-term value migrates higher, opening path for continuation towards 119-120K.
- Rejection here → signals that buyers are unwilling to accept higher value; price may rotate lower toward 103-106K, with the 365D VWAP (92K) acting as the deeper fair value magnet.
In auction terms, BTC is in price discovery mode at overlapping value areas.
Watch for where acceptance forms — that’s where the next directional conviction will emerge.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.