Bitcoin / TetherUS
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Failing VWAP Retest

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We broke through our VWAP (pegged to 1/13/25) at the 102500 level today, retested once, we passed 101900, 101500, now retesting 101500 which is where the VWAP is for some BTC perpetuals. For them it is support as currently their price sits above this band, but as you can see here on the spot chart it is resistance for spot BTC. The high volume/compression candles colored purple and yellow-green show there is more leniency toward the downside. There is a demand zone the price could possibly rebound starting around 100500.

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