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A Quick $BTC Analysis
Spot cvd remains relatively flat, while perp cvd is clearly declining.
IMO this divergence shows leveraged traders are selling first.
The spot buying pressure is still weak and not strong enough for real accumulation in the current range.
We need to watch it closely.
If both spot and perp cvd start declining together + OI continues dropping, selling pressure will dominate, and lower supports may be tested soon.
Still lacking clear bullish confirmation tbh.
For better clarity, also monitor volume confirmation and order book imbalance.
Spot cvd remains relatively flat, while perp cvd is clearly declining.
IMO this divergence shows leveraged traders are selling first.
The spot buying pressure is still weak and not strong enough for real accumulation in the current range.
We need to watch it closely.
If both spot and perp cvd start declining together + OI continues dropping, selling pressure will dominate, and lower supports may be tested soon.
Still lacking clear bullish confirmation tbh.
For better clarity, also monitor volume confirmation and order book imbalance.
placed a small short $near at the current level, since too close to the resistance and whether goes up or down, still a good DCA spot
nfa as always
nfa as always
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If the talk happens in Friday, probably the easiest event to farming some volume
https://polymarket.com/event/us-x-iran-permanent-peace-deal-by?via=c
https://polymarket.com/event/us-x-iran-permanent-peace-deal-by?via=c
Forwarded from Bitcoin Price
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