🔍 Market Context:
BTCUSD recently saw aggressive selling pressure between May 30 and early May 31, as seen in heavy negative delta prints (-41, -63, -53) and elevated sell volumes. Price fell sharply from ~$106,000 to the ~$103,500–$104,000 region.
However, this drop is now showing signs of buyer absorption, with several candles printing positive delta (e.g., +5, +6, +24) and increased buy-side volume. The price has since recovered to around $104,927, with buyers holding the level strongly into the latest 4H close.
🔄 Footprint Takeaways:
Strong Sell-Off Zone: ~$105,750–$106,000
Sellers dominated here with significant imbalances and sharp rejection.
Key Demand Zone: ~$103,500–$104,000
This area saw multiple positive delta candles and absorption behavior — likely where bulls are building positions.
Recent Strength:
Latest candles show clear buyer control with strong closes and little upper wick.
Volume delta improving in favor of the bulls.
🧭 Outlook:
📈 Short-Term Bias: Bullish
🧱 Resistance Ahead: $105,750–$106,000
💡 Support to Hold: $103,500–$104,000
A clean break and hold above $106K would shift the momentum toward continued upside. Until then, this remains a potential reversal zone worth watching closely.
🔔 Follow for more order flow & footprint-based insights.
💬 Drop your thoughts or levels in the comments!
BTCUSD recently saw aggressive selling pressure between May 30 and early May 31, as seen in heavy negative delta prints (-41, -63, -53) and elevated sell volumes. Price fell sharply from ~$106,000 to the ~$103,500–$104,000 region.
However, this drop is now showing signs of buyer absorption, with several candles printing positive delta (e.g., +5, +6, +24) and increased buy-side volume. The price has since recovered to around $104,927, with buyers holding the level strongly into the latest 4H close.
🔄 Footprint Takeaways:
Strong Sell-Off Zone: ~$105,750–$106,000
Sellers dominated here with significant imbalances and sharp rejection.
Key Demand Zone: ~$103,500–$104,000
This area saw multiple positive delta candles and absorption behavior — likely where bulls are building positions.
Recent Strength:
Latest candles show clear buyer control with strong closes and little upper wick.
Volume delta improving in favor of the bulls.
🧭 Outlook:
📈 Short-Term Bias: Bullish
🧱 Resistance Ahead: $105,750–$106,000
💡 Support to Hold: $103,500–$104,000
A clean break and hold above $106K would shift the momentum toward continued upside. Until then, this remains a potential reversal zone worth watching closely.
🔔 Follow for more order flow & footprint-based insights.
💬 Drop your thoughts or levels in the comments!
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.