6.81x. That is what the last closed 15m candle traded versus its 20-candle average on $BTC, and price still finished lower.
Sellers are running the tape. The 1h EMA stack is bearish, price sits at 8.1% of the 1h range, and 63,331 - a level with 52 measured touches - has already flipped from floor to ceiling.
63,030 is where $BTC is decided: 47 measured daily touches sit on that line. Hold it and this is a shakeout inside the range. Lose it and 62,984, with 37 touches on the 1h, is the last shelf before 62,220.
The uncomfortable part: the volume shock is 15m only. On the 4h the volume ratio is 0.99 - no expansion at all. A 6.81x spike on a single candle with 15m RSI at 29.33 usually means the move already happened, not that it is starting.
Majors are trading as one block today, so $ETH takes its cue from whether this line holds rather than from anything of its own.
Which side are you actually trading: the reclaim of 63,331, or the break of 63,030?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Sellers are running the tape. The 1h EMA stack is bearish, price sits at 8.1% of the 1h range, and 63,331 - a level with 52 measured touches - has already flipped from floor to ceiling.
63,030 is where $BTC is decided: 47 measured daily touches sit on that line. Hold it and this is a shakeout inside the range. Lose it and 62,984, with 37 touches on the 1h, is the last shelf before 62,220.
The uncomfortable part: the volume shock is 15m only. On the 4h the volume ratio is 0.99 - no expansion at all. A 6.81x spike on a single candle with 15m RSI at 29.33 usually means the move already happened, not that it is starting.
Majors are trading as one block today, so $ETH takes its cue from whether this line holds rather than from anything of its own.
Which side are you actually trading: the reclaim of 63,331, or the break of 63,030?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.