$BTC empty! The spot order book has revealed its true colors: the first bid level doesn’t even have one-fifth the thickness of the first ask level. All the inventory is piled on the sell side, and with support this thin, any rebound is just fuel for the bears. Moving averages are pressing downward, and the 1-hour, 4-hour, and daily charts are all pointing bearish. Shorting at 79470, first target 76150; stop loss 83000, if it gets hit, consider it my bad call.