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$BTC shows a clearly weak structure.
The order flow confirms selling pressure: mostly negative deltas, active volumes on downward impulses, and no significant absorption on the buyer side. The rebounds observed are technical, weakly supported, and quickly sold off.
We have just tapped into quite a bit of liquidity, and the lower liquidity continues to attract the price. No signs of accumulation or CVD divergence are visible at this stage.
A slow decline where sellers play with the few buyers trying to defend the price.
Let's see if this is enough before the market opens or not...