#SolanaFallsOver3%
@bitcoin today: $BTC reaches new lows, but buyers slow the decline.
#DellSurges8%OnEarningsBeat $BTC
#Bitcoin❗ it continues developing within the range we have been following, although during the last hours an interesting signal appeared at its lower end.
$BTC The price managed to briefly break below the previous day's low, but the breakout lacked follow-through and was quickly rejected, bringing BTC back inside the structure.
#BTC☀️ The reaction also occurred in a relevant confluence area, where the daily iFVG marked in green and the VAL from the volume profile overlap. The market's inability to accept prices below this area reinforces, for now, the idea that the bottom of the range is still finding buyers.
From the order flow perspective, the strong presence of negative delta around this zone also stands out. Despite the sellers' aggressiveness, the price failed to move significantly to lower levels. This divergence between selling aggression and the price's response could indicate absorption by passive buyers, who would be taking the counterpart of those sells.
As long as this zone continues to be defended, the bearish breakout attempt can be interpreted as failed. However, a new visit will be important: if selling pressure finally manages to generate acceptance below the VAL and the daily iFVG, the reading would change and would put the lower part of the consolidation at risk again.
@bitcoin today: $BTC reaches new lows, but buyers slow the decline.
#DellSurges8%OnEarningsBeat $BTC
#Bitcoin❗ it continues developing within the range we have been following, although during the last hours an interesting signal appeared at its lower end.
$BTC The price managed to briefly break below the previous day's low, but the breakout lacked follow-through and was quickly rejected, bringing BTC back inside the structure.
#BTC☀️ The reaction also occurred in a relevant confluence area, where the daily iFVG marked in green and the VAL from the volume profile overlap. The market's inability to accept prices below this area reinforces, for now, the idea that the bottom of the range is still finding buyers.
From the order flow perspective, the strong presence of negative delta around this zone also stands out. Despite the sellers' aggressiveness, the price failed to move significantly to lower levels. This divergence between selling aggression and the price's response could indicate absorption by passive buyers, who would be taking the counterpart of those sells.
As long as this zone continues to be defended, the bearish breakout attempt can be interpreted as failed. However, a new visit will be important: if selling pressure finally manages to generate acceptance below the VAL and the daily iFVG, the reading would change and would put the lower part of the consolidation at risk again.
