As $BTC the price hovers around 92k in a calm phase after the upward impulse.
We notice quite a bit of liquidity below the price, particularly between 90.5k and 91.5k, which acts as a true magnet. Above, liquidity is more fragmented, with some zones around 92.5k–93k.
We also observe absorption on the sell side around 92.2k–92.4k, while bids remain passive and stacked lower, indicating that buyers are waiting for the price.
On the CVD side, buying pressure is waning as the price stagnates, suggesting an end to the movement and a risk of a sweep towards 91.5k before a potential reaction. As long as there is no clear acceptance above 92.4k, the market remains in balance.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
As $BTC the price hovers around 92k in a calm phase after the upward impulse.
We notice quite a bit of liquidity below the price, particularly between 90.5k and 91.5k, which acts as a true magnet. Above, liquidity is more fragmented, with some zones around 92.5k–93k.
We also observe absorption on the sell side around 92.2k–92.4k, while bids remain passive and stacked lower, indicating that buyers are waiting for the price.
On the CVD side, buying pressure is waning as the price stagnates, suggesting an end to the movement and a risk of a sweep towards 91.5k before a potential reaction. As long as there is no clear acceptance above 92.4k, the market remains in balance.