Watch the money flow: $BTC falls below the 69,000 level
Large numbers of orders often cluster around key levels, making them prime spots for big players to act: they may trigger stop-losses with a break below, then pull the price back up, or follow through on the breakdown and push it lower. To tell the difference, watch which side large orders near the price are concentrated on.
Large numbers of orders often cluster around key levels, making them prime spots for big players to act: they may trigger stop-losses with a break below, then pull the price back up, or follow through on the breakdown and push it lower. To tell the difference, watch which side large orders near the price are concentrated on.