🔍 Key Observations
1. Recent Strong Buying Activity (May candles)
The last few candles show a surge in positive delta, particularly:
Delta: 2.11K, Total: 46.83K
Strong green imbalance, showing aggressive buyers stepping in.
The volume is increasing, with aggressive lifting of the offer—buyers are willing to pay higher prices.
2. Breaking Above Resistance
Price broke above $100,000, a key psychological level.
Holding above this level, with sustained buyer interest, suggests strength.
The high volume nodes have shifted upward, showing acceptance at higher prices.
3. Volume Clusters & Imbalance
Bullish footprint imbalance (more green than red in key areas), especially toward recent bars.
You can see stacked green imbalances, indicating initiative buying.
4. Low Selling Pressure
Despite some red prints, there is no significant downward delta or high-volume selling.
No large absorption zones that indicate sellers are absorbing buys aggressively.
5. Previous Consolidation as Support
April–early May candles show accumulation (sideways movement) before this breakout.
Consolidation zones between $85,000–$95,000 now act as a strong support floor.
âś… Entry Consideration: BUY BIAS
Conclusion:
The footprint chart suggests a BUY opportunity, especially if price continues to hold above the $100,000 level.
A pullback to $100,000–$101,000 with sustained buyer interest (seen via delta and imbalance) would be an ideal entry.
Watch for continued positive delta, low absorption, and price acceptance above $100K.
đźš© What to Watch For (Bearish Risk)
Large negative delta spikes or aggressive selling imbalances near resistance (~$109,000) would change the bias.
Failure to hold above $100K with heavy sell imbalances may signal a fakeout.
1. Recent Strong Buying Activity (May candles)
The last few candles show a surge in positive delta, particularly:
Delta: 2.11K, Total: 46.83K
Strong green imbalance, showing aggressive buyers stepping in.
The volume is increasing, with aggressive lifting of the offer—buyers are willing to pay higher prices.
2. Breaking Above Resistance
Price broke above $100,000, a key psychological level.
Holding above this level, with sustained buyer interest, suggests strength.
The high volume nodes have shifted upward, showing acceptance at higher prices.
3. Volume Clusters & Imbalance
Bullish footprint imbalance (more green than red in key areas), especially toward recent bars.
You can see stacked green imbalances, indicating initiative buying.
4. Low Selling Pressure
Despite some red prints, there is no significant downward delta or high-volume selling.
No large absorption zones that indicate sellers are absorbing buys aggressively.
5. Previous Consolidation as Support
April–early May candles show accumulation (sideways movement) before this breakout.
Consolidation zones between $85,000–$95,000 now act as a strong support floor.
âś… Entry Consideration: BUY BIAS
Conclusion:
The footprint chart suggests a BUY opportunity, especially if price continues to hold above the $100,000 level.
A pullback to $100,000–$101,000 with sustained buyer interest (seen via delta and imbalance) would be an ideal entry.
Watch for continued positive delta, low absorption, and price acceptance above $100K.
đźš© What to Watch For (Bearish Risk)
Large negative delta spikes or aggressive selling imbalances near resistance (~$109,000) would change the bias.
Failure to hold above $100K with heavy sell imbalances may signal a fakeout.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.