$BTC Market Update



Lack of rebound, ongoing passive selling pressure

Since the last update, the market has shown no significant progress. Every rebound is accompanied by passive selling, with insufficient buying momentum.

· Spot CVD and price trend show a divergence of "price sideways/downward, CVD upward"
· Near high points on lower timeframes, buying depth decreases

🔴 This indicates that $73.8K - $74K is a short-term critical zone.
Only if the price can effectively hold above this zone, there may be room for a decent upward move.

In perpetual contracts, little has changed:
The long positions that chased yesterday are still holding, but no new opening interest has appeared. The market may first experience a period of price compression/low volatility, led by spot market direction.

Stay alert and watch the price reaction around 73.8K-74K.
BTC-0.12%
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SuckersGreenYy
· 11h ago
It feels like it's easier to go long on the US stock market than in the crypto world.
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