$BTC Buy walls are starting to cluster below!
The chart shows the price pulling back to $75,896.9.
There are $41.2 million in bids at $75,000!
The near-price order book imbalance has turned positive, reaching 20%.
Can buyers catch this sharp drop!
Our order book chart shows BTC retreating from a high of $81,188, hitting a low of $75,525, and currently struggling around $75,900. There are about $22 million in leveraged buy orders at $75,500, while at $75,000 there are about $20 million in spot buy orders and $21.2 million in leveraged buy orders. Further down, there is another buy wall of about $21 million at $74,843. The order book imbalance within 2% of the current price is positive 20%, with local buy orders in the lead. Next, we’ll see whether these bids can truly absorb the selling pressure.
I’ll be watching the $75,500–$75,000 support zone first. If the buy walls remain in place during a retest and selling fails to push the price to a new low, bulls could get a chance to challenge $76,457 again, followed by the sell wall around $76,900–$77,000. Conversely, if the bids are pulled or overwhelmed by selling, the area around $74,843 will come under pressure next. For now, the more valuable signal would be the price stabilizing and making higher lows after large buy orders are gradually filled.
If the buy wall around $75,000 holds, this sharp drop could give the bulls a platform for a counterattack.
Wait for buyers to reclaim $77,000 and step in to support a retest—that’s when dip buyers can have more confidence to keep pushing!
Click the card below to get started! 👇
$ETH $SNDK
The chart shows the price pulling back to $75,896.9.
There are $41.2 million in bids at $75,000!
The near-price order book imbalance has turned positive, reaching 20%.
Can buyers catch this sharp drop!
Our order book chart shows BTC retreating from a high of $81,188, hitting a low of $75,525, and currently struggling around $75,900. There are about $22 million in leveraged buy orders at $75,500, while at $75,000 there are about $20 million in spot buy orders and $21.2 million in leveraged buy orders. Further down, there is another buy wall of about $21 million at $74,843. The order book imbalance within 2% of the current price is positive 20%, with local buy orders in the lead. Next, we’ll see whether these bids can truly absorb the selling pressure.
I’ll be watching the $75,500–$75,000 support zone first. If the buy walls remain in place during a retest and selling fails to push the price to a new low, bulls could get a chance to challenge $76,457 again, followed by the sell wall around $76,900–$77,000. Conversely, if the bids are pulled or overwhelmed by selling, the area around $74,843 will come under pressure next. For now, the more valuable signal would be the price stabilizing and making higher lows after large buy orders are gradually filled.
If the buy wall around $75,000 holds, this sharp drop could give the bulls a platform for a counterattack.
Wait for buyers to reclaim $77,000 and step in to support a retest—that’s when dip buyers can have more confidence to keep pushing!
Click the card below to get started! 👇
$ETH $SNDK
