#BTC Looking at the cumulative Delta, after the first 1.2b exhaustion today, longs and shorts have been digesting each other during these 10 hours of sideways movement.
It now has the potential to accumulate for another move, but it's uncertain whether it will go up or down. For bulls, another 1B push breaking through 88,000 would be a good thing. Otherwise, if it gets pushed back again by the 88,000 order book resistance mentioned earlier, it will likely continue to fluctuate below...
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#BTC Looking at the cumulative Delta, after the first 1.2b exhaustion today, longs and shorts have been digesting each other during these 10 hours of sideways movement.
It now has the potential to accumulate for another move, but it's uncertain whether it will go up or down.
For bulls, another 1B push breaking through 88,000 would be a good thing. Otherwise, if it gets pushed back again by the 88,000 order book resistance mentioned earlier, it will likely continue to fluctuate below...