BTC Quick View – Jan 2 | Morning Session

BTC has already swept liquidity above 88.8k.

What we’re seeing now is a classic funding sweep behavior:

When funding gets too positive → BTC pulls back.
Retail panics and closes 50–70% of leveraged positions → BTC starts recovering again.

That’s exactly why we took early profits yesterday on both BTC & ZEC short calls.

At the moment, BTC is hovering around 88.4k, with funding now only about 1/3 of the usual sweep level (~0.01).

If #BTC can hold a higher low above 88k during the morning–noon correction, there’s a good chance price will slowly grind up to sweep the 89k liquidity zone, creating more FOMO before deciding the next corrective move.

Key notes:

Volume remains extremely low — expected during the New Year holiday

BTC.D is sitting near support → altcoins may see a weak relief bounce later today

Market structure remains range-bound within a broader downtrend

Key Levels:

Support (1H–4H): 88k – 88.2k

Resistance: 89k – 89.7k

⚠️ Stay disciplined. Avoid chasing top-pumped coins — getting wicked out right before Tết is the worst trade you can make.