$BTC after yesterday's sell-off looks much calmer than one might have expected.
Since the price entered the 77–82 thousand range, there is one detail I would not ignore: spot volume continues to outpace futures volume.
And that matters.
As long as the market is selling through futures, while real buying on the spot market remains stronger, the pressure looks more like a shakeout than a change in direction.
Yesterday's NFP gave sellers a reason to hit the market. But so far, they have not been able to change the demand structure itself.
For me, that is an argument in favor of the move continuing upward.
#BTC
Since the price entered the 77–82 thousand range, there is one detail I would not ignore: spot volume continues to outpace futures volume.
And that matters.
As long as the market is selling through futures, while real buying on the spot market remains stronger, the pressure looks more like a shakeout than a change in direction.
Yesterday's NFP gave sellers a reason to hit the market. But so far, they have not been able to change the demand structure itself.
For me, that is an argument in favor of the move continuing upward.
#BTC
