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CoinGlass: Bitcoin is trading within a range, with strong support around $64,900.
Jinse Finance reported on April 3 that CoinGlass posted that BTC whale order book data shows that the Bitcoin price is being “boxed in” within a range. Sell orders are clustered at 67,500 USD and in the 67,950 to 68,050 USD range. Buy units are at 65,600 to 65,800 USD, with stronger support near 64,900 USD.
The current situation is not a trend market, but rather consolidation. If the sell wall above is absorbed, it would be mildly bullish; if the buy orders below are canceled or taken, it would be bearish. Before that, the price had continued trading within a range compression set by the giant whales.