Bitcoin faces a strong rejection in the $85,000 USDT range on the 5-minute chart, being pushed toward the $83,996 USDT region.
Below the current price, there is a high concentration of liquidations from long positions between $83,600 and $83,800 USDT, acting as a strong magnet of attraction in the short term. At the same time, Binance’s order book shows a large wall of accumulated buy orders in the $83,300 to $83,800 USDT zone, positioned to absorb this drop.
The most likely move over the next few hours is an immediate search for liquidity in the $83,600–$83,800 USDT range, where the support from the buy orders should act in an attempt to trigger a rebound back to the higher resistance levels.
#btc #BTC #vwap #VWAPs #heatmap
Below the current price, there is a high concentration of liquidations from long positions between $83,600 and $83,800 USDT, acting as a strong magnet of attraction in the short term. At the same time, Binance’s order book shows a large wall of accumulated buy orders in the $83,300 to $83,800 USDT zone, positioned to absorb this drop.
The most likely move over the next few hours is an immediate search for liquidity in the $83,600–$83,800 USDT range, where the support from the buy orders should act in an attempt to trigger a rebound back to the higher resistance levels.
#btc #BTC #vwap #VWAPs #heatmap
