๐ **Bitcoin Market: Iceberg Ahead?**
- The Bitcoin market is currently showing a bearish sentiment on the surface, with sellers dominating. However, beneath the surface, bargain hunters are poised to buy, potentially stabilizing prices.
- Data from Hyblock Capital reveals a shift from an uptrend to a downtrend at the quote level on major exchanges, indicating increased selling pressure.
- Despite recent price drops due to U.S. inflation concerns, there's an uptrend in market depth from 2% to 5%, suggesting buyers are ready to enter at these levels.
- Bitcoin is trading around $94,000. Traders are eyeing Friday's U.S. nonfarm payrolls for market cues.
๐ฌ What are your thoughts on Bitcoin's current market dynamics? Share below!