$BTC let's compare purchases/sales of Bitcoin and altcoins in 2023 (screen below).

Regarding altcoins: it is clear that since January, alts have been actively selling in pairs with Bitcoin, that is, liquidity after the growth of altcoins in the first quarter contributed to the fact that BTC did not fall below $25,000.

At the moment we are even seeing purchases of altcoins for stablecoins. But the problem is that active purchases have passed. On pairs BTC/MONEY; BTC/STB - we see a huge number of sales: the sun has highlighted purchases on Bitcoin recently, you will agree that compared to the period January-May (marked with a green tick), purchases are sporadic.

Over the weekend, we successfully repulsed sales on the market and even saw purchases on 07/23/23 closer to the night (screenshot below):

The nuance here is that the blue line shows the balance in the market; the higher it is, the more difficult it is to move the price up. Conclusion: with very small purchases, the price goes up and then there are not enough buyers to buy up the volume and raise the price.
Although we repelled the sales that began on June 25, we see only one large purchase in this range, after which we dropped a “huge volume” on July 14. Conclusion: over the weekend it was only due to the lack of market sales that we did not go lower.

Forecast: yellow arrows indicate the level at which the limit seller stands; this is also a POC in terms of volume profile. To exit above $32,000, you need to break through the level of $30,300, then stops can be placed behind it (not financial advice). A large limit buyer sits at the level marked with a white line. Closing candles without a buyback at this level will indicate that he left his position and we will see a decrease of 25,000.

Like and stop, all traders profit :)