Hello everyone, friends!

I’d like to share my thoughts on the current market situation.

I’m seeing an interesting picture with #BTC right now. On Binance, futures delta is turning negative: aggressive sellers are applying pressure through futures, but a limit buyer is absorbing their volume and preventing the price from falling significantly. Meanwhile, the price is holding around $83,000, and open interest is gradually increasing. All of this may point to aggressive selling being absorbed.

Rising OI by itself doesn’t indicate that it’s specifically short positions being opened, but looking at the liquidation map, the nearest large liquidity pool is above, in the $83,500–$84,900 range. New shorts could fuel further market growth.

The resistance level (mirror level) is in the $83,900–$84,650 range, where the price may encounter selling pressure or break through the level on momentum and hold above it, forming an inversion.

There’s a chance of selling pressure and another move down, potentially as far as the nearest strong support level around $78,200.

If resistance is inverted, I’ll wait for the price to move into a new range of $88,000–$92,000.

It’s hard to draw precise conclusions right now, as today is a day off and there’s less data available for a full analysis. But for now, I see more reasons to expect a move from current levels toward at least the local resistance I mentioned above.

I’m continuing to hold my long positions, but I’ll be ready to trim them partially if the price enters the sellers’ range.