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AriaNaka

$BTC It looks like a buy wall is starting to form at $62k...



If this continues to build in size, it could be a great spot to enter longs and target a small reversal before a continuation lower.

However, due to the recent buying pressure around $63k, it's going to take a lot of selling pressure to break this level.
BTC0.76%
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VolumePriceAnalyst
· 1h ago
Let’s talk about it once it breaks down further. The risk of entering now is too high.
View OriginalReply0
OnChainArchaeologist
· 1h ago
If this wall-buy is a bit thicker, then a short-term rebound is indeed worth trying, but you have to set a stop-loss properly—after all, the broader trend is still bearish.
View OriginalReply0
CheckTheBlockchainBefore
· 2h ago
It feels like the long-versus-short battle is quite intense right now. There are plenty of people buying the dip around 62k, but the sell orders are also strong. Let’s keep observing for now before making a move.
View OriginalReply0
WalletRecycle
· 2h ago
From the order book, there is indeed support at the 62k level, but the prior short-side structure hasn’t been broken yet. If you’re looking to bet on a rebound, consider entering with a light position and quick in/quick out. If 63k is broken and holds, then it won’t be too late to consider chasing longs.
View OriginalReply0
BambooPosition
· 2h ago
The 63k buy pressure is definitely strong; breaking through won’t be easy.
View OriginalReply0

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