BTC is within the range. The $79,680.30–$80,207.83 range is where buyers and sellers are locked in a battle; only a closed 4-hour candle can determine whether the range still holds or has been lost. The 4-hour candle from 15:00 to 19:00 on October 29, Vietnam time, closed at $80,170.02, still within the range.
Over the 24 hours up to 20:44 on October 29, Vietnam time, cumulative taker flow showed net spot buying of 2,186.5 BTC and net futures buying of 2.2 BTC. Price remains within the range: spot buying indicates buying pressure, while futures are nearly balanced. The two sides have not jointly confirmed a direction; spot buying alone is not enough to conclude that the range has been broken, so I’m waiting for the 4-hour candle to close.
I’m waiting for the 4-hour candle from 19:00 to 23:00 on October 29, Vietnam time, to close at 23:00. A close exactly at $80,207.83 would still be within the range; only a close above it would count as a breakout. A close exactly at $79,680.30 would also remain within the range; only a close below it would mean the range has been lost. $BTC #Market
Over the 24 hours up to 20:44 on October 29, Vietnam time, cumulative taker flow showed net spot buying of 2,186.5 BTC and net futures buying of 2.2 BTC. Price remains within the range: spot buying indicates buying pressure, while futures are nearly balanced. The two sides have not jointly confirmed a direction; spot buying alone is not enough to conclude that the range has been broken, so I’m waiting for the 4-hour candle to close.
I’m waiting for the 4-hour candle from 19:00 to 23:00 on October 29, Vietnam time, to close at 23:00. A close exactly at $80,207.83 would still be within the range; only a close above it would count as a breakout. A close exactly at $79,680.30 would also remain within the range; only a close below it would mean the range has been lost. $BTC #Market
