$BTC
Order Flow Update 📊
$BTC is continuing to squeeze out trapped shorts on lower timeframes as price approaches an important resistance zone.
So far, the move higher doesn’t appear to have strong spot buying behind it.
🔴 Spot CVD is showing bearish divergence, suggesting that much of the upside is being fueled by short covering rather than fresh buyer aggression.
Many of these shorts were opened aggressively around the rLow, where passive buyers absorbed the selling pressure and left those positions trapped.
Keep an eye on order flow and resistance before chasing the move. 👀#Write2Earn! #TradingCommunity #BinanceSquareFamily
Order Flow Update 📊
$BTC is continuing to squeeze out trapped shorts on lower timeframes as price approaches an important resistance zone.
So far, the move higher doesn’t appear to have strong spot buying behind it.
🔴 Spot CVD is showing bearish divergence, suggesting that much of the upside is being fueled by short covering rather than fresh buyer aggression.
Many of these shorts were opened aggressively around the rLow, where passive buyers absorbed the selling pressure and left those positions trapped.
Keep an eye on order flow and resistance before chasing the move. 👀#Write2Earn! #TradingCommunity #BinanceSquareFamily