#BTC☀️ Today's structure and order flow market data show:
After falling back from the previous high OB (95,800~97,300 range) of the daily line, the overall structure of the daily level has not been destroyed and is still in the relay adjustment period in the upward trend.
The previous low OB support area is about 92,500-91,300 and the FVG gap below is around 89,000-87,500.
The market shows: the holding cost index has declined + short selling is dominant, showing signs of long retreat.
The 93,900-94,600 area has begun to be dominated by active selling, but the 92,000-91,000 below is still a strong liquidity support level.
Suggestion: Before the short-term bearish structure is broken, a small rebound can be made. If the liquidity concentration area of 92,800-91,300 is lost, it is expected to further test the daily OB in the 89,000 area.
#ETH🔥🔥🔥🔥🔥🔥 Aspects:
The daily line fell below the lower edge of the oscillation channel (about 1780-1800) and formed a structural break. It is currently testing the previous low OB and liquidation concentrated support belt (1725-1700 range), but it is still in a wide range of consolidation and has not yet entered an extreme trend.
The strong support area below the daily line is the FVG+OB overlap area of 1680-1650, which is an important mid-line defense point.
The market shows: the long-short Delta continues to be negative, active selling pressure dominates, CVD and position volume decline simultaneously, and there is no obvious stop-loss and accumulation; the position cost moves down, and the short force is still dominant.
The pullback above 1750 is a key weak resistance. If it cannot recover above 1765, the bearish sentiment will continue. It is necessary to prevent further retracement to the 1650 area after breaking below 1700.
Suggestion: A short-term bearish trend is formed. If the large-volume entity falls below 1700, it will confirm that the medium-term cycle has turned bearish.
A large structural retracement in the 1600-1500 range will be opened, and a trend short position can be opened
[The above suggestions are all derived from the market and order flow data analysis, for reference only]
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