BTC/USDT by CryptoTradersWW
Yesterday's late breakout turned out to be a ruse, with price frontrunning the daily level as POC, and we reversed back down and made another lower low shortly after.
The bulls will now have to recapture $42700 in order to have any prospect of a recovery.
The next substantial level of assistance is roughly $40,000.
Looking at the order flow, sellers are showing strength heading into the New York session, as the move down has been accompanied by an increase in volume, a rise in negative delta, and a decrease in open interest.
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The bulls will now have to recapture $42700 in order to have any prospect of a recovery.
The next substantial level of assistance is roughly $40,000.
Looking at the order flow, sellers are showing strength heading into the New York session, as the move down has been accompanied by an increase in volume, a rise in negative delta, and a decrease in open interest.
<---------------------------->
☑️ Follow, Comment & Like
☑️ Create a civil and healty discuss in the comments and share with me your thoughts
Thanks and Happy Trading!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.