With lack of significant bid in the books until 70k. Ideally we drop to value sooner than later & gather demand with a range through summer. Supply has been chasing price down, with perps traders off loading latest positions yesterday in the US session.
This will be painful to most crypto traders but good for range trade enjoyers & spot value hunters.
Key levels: 70/71k Weekly & this is both spot & perps largest resting order blocks in the order books.
This will be painful to most crypto traders but good for range trade enjoyers & spot value hunters.
Key levels: 70/71k Weekly & this is both spot & perps largest resting order blocks in the order books.
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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.