On $BTC we see our POC around 109.7k, our key level.



Buyers defend this area, the structure is still fragile.

On the leverage, we observe a marked increase in open interest alongside a disengagement of shorts, showing long positioning; however, the spot is not yet following.

The order book reveals partial absorption around 110k, but the sell wall remains significant above 111k, hindering any clean breakout for the moment.

As long as the price remains locked below the daily VAH, the market remains neutral, or even more at risk.

In summary, the market is consolidating before the decision: either a bullish squeeze above 111k that triggers a pump, or a break below 108.5k that could lead us to lower lows.
BTC-7.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)